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On the Strategy of improvement of the Russian pension system

Author

Listed:
  • Nazarov, Vladimir

    (Gaidar Institute for Economic Policy)

  • Sinelnikov-Murylev, Sergei

    (Russian Foreign Trade Academy)

Abstract

There is a common point of view, according to which in the period of economic crisis, it is advisable to conduct a so-called counter-cyclical fiscal policy, which would lead to a reduction of the tax burden and to enhance the role of public expenditure in the economy. The Russian counter-cyclical fiscal policy is provided by the progressiveness of export duties on crude oil at world prices, as well as with the ability to use in times of economic recession accumulated during the favorable situation of the Reserve Fund. For more countercyclical and provide income tax receipts which are volatile to a much greater extent than the dynamics of gross domestic product.

Suggested Citation

  • Nazarov, Vladimir & Sinelnikov-Murylev, Sergei, 2009. "On the Strategy of improvement of the Russian pension system," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 3, pages 150-177, June.
    • Handle: RePEc:rnp:ecopol:0937
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    Citations

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    Cited by:

    1. Gorlin, Yu. & Lyashok, V., 2019. "Pension Gambit," Journal of the New Economic Association, New Economic Association, vol. 42(2), pages 138-148.
    2. Aleksey Pasynkov, 2018. "Funding Pension System of Russia in the Categories of National Accounts," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(4), pages 1356-1369.

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