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The Future of the Pension System: Parametric Reforms or the Change of a Paradigm?

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Abstract

The main aim of the paper is to reveal philosophical drawbacks of the current paradigm of the pension system. The main conclusion is that pension system as unified mandatory salary insurance is transforming into hybrids of free-will private savings and investments in human capital and government poverty insurance. Socially and politically acceptable measures of the pension system transformation are described in the paper.

Suggested Citation

  • V. Nazarov., 2012. "The Future of the Pension System: Parametric Reforms or the Change of a Paradigm?," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 9.
  • Handle: RePEc:nos:voprec:2012-09-4
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    Cited by:

    1. Marina Kolosnitsyna & Maria Gerasimenko, 2014. "Labour force participation of older citizens and public policy," Public administration issues, Higher School of Economics, issue 4, pages 47-68.
    2. Gorlin, Yury & Galieva, Nadezhda & Grishina, Elena & Eliseeva, Marina & Kartavtsev, Vladimir & Cheremnykh, Anna, 2017. "Problems of Reforming the Institute of Early Pensions for Work in Harmful and Hazardous Conditions," Working Papers 021713, Russian Presidential Academy of National Economy and Public Administration.
    3. Grishina, Elena & Dormidontova, Yulia & Lyashok, Viktor, 2014. "The impact of informal employment in the sustainability of the pension system in Russia," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, pages 7-24, December.

    More about this item

    Keywords

    pension system; post-industrial society; parametric reforms; retirement age.;

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J18 - Labor and Demographic Economics - - Demographic Economics - - - Public Policy
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General

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