IDEAS home Printed from
   My bibliography  Save this article

Reform of 2010: are the Long-Term Problems of the Pension System Properly Addressed?


  • Gurvich, E.

    (Finance Academy, Moscow, Russia)


The paper evaluates short-term implications of pension reforms made in 2010, and long-term scenarios of pension system development. We find that if size of pension transfer is fixed, prolonged fall of the replacement rate is expected, which makes situation politically unsustainable. Keeping flat replacement rate requires either increase of pension transfer size by 1 percentage point of GDP each 5 years, or raising rate of pension contributions per 1 percentage point annually. Using broad range of measures, including increase in retirement age is suggested. Raising retirement age to 62 years for men and 60 years for women is substantiated, basing on analysis of demographic indicators. Effect of this measure is estimated.

Suggested Citation

  • Gurvich, E., 2010. "Reform of 2010: are the Long-Term Problems of the Pension System Properly Addressed?," Journal of the New Economic Association, New Economic Association, issue 6, pages 98-119.
  • Handle: RePEc:nea:journl:y:2010:i:6:p:98-119

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. O. Dmitrieva & N. Petukhova & D. Ushakov., 2010. "The Transition from Distributive Pension System to Accumulative Type: The Results and Efficiency Forecast," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 4.
    2. E. Gurvich., 2007. "Prospects for the Russia’s Pension System," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 9.
    Full references (including those not matched with items on IDEAS)

    More about this item


    Russia's pension system; pension reform; retirement age;

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nea:journl:y:2010:i:6:p:98-119. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alexey Tcharykov). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.