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Пенсионная Реформа И Межпоколенческий Альтруизм В Моделях Экономической Динамики
[Pension reform and intergenerational altruism in economic dynamics models]

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  • Surkov, Alexander

Abstract

A complexity of a pension reform realization in a country with high level of intergenerational altruism is considered as a reason of a failure of the pension reform in Russia. Differences between intergenerational altruism levels in Russia and more modernized western countries are discussed. Overlapping generations models with two-way intergenerational altruism and pension system are analyzed. Successful transition from pay-as-you go pension system to fully funded one is shown to be possible in a modernized society with low level of intergenerational altruism and stable economy. But, even in that case the issue of the transition costs, their volume and distribution remains essential.

Suggested Citation

  • Surkov, Alexander, 2009. "Пенсионная Реформа И Межпоколенческий Альтруизм В Моделях Экономической Динамики [Pension reform and intergenerational altruism in economic dynamics models]," MPRA Paper 27632, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:27632
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    File URL: https://mpra.ub.uni-muenchen.de/27632/1/MPRA_paper_27632.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    pension system; pension reform; fully funded pension system; pay-as-you-go pension system; intergenerational transfers; intergenerational altruism; overlapping generations;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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