A Strategy for Reforming the Russian Pension System
Ekonomicheskaia politika [Economic Policy] No. 3, 2009
47 Pages Posted: 12 Jul 2012 Last revised: 16 Sep 2012
Date Written: 2009
It is frequently argued that in a period of economic crisis the correct course of action is to implement an “anti-cyclical” fiscal policy that entails lowering the tax burden and increasing state expenditure. In Russia, the instruments of anti-cyclical budgetary policy are progressive rates of export duty on oil indexed to world oil prices and the expenditure of resources accumulated in the RF Reserve Fund during periods of economic growth. An additional anti-cyclical measure is the tax on profit, receipts from which, however, are far more volatile than the dynamics of gross domestic product.
Keywords: pension system, pension reform, pension reform in Russia
JEL Classification: H5, J2
Suggested Citation: Suggested Citation