Russia's Pension Reform: Intermediate Results

Russian Economic Developments. 2012, No. 12

4 Pages Posted: 23 Dec 2012 Last revised: 18 Jun 2013

See all articles by Vladimir Nazarov

Vladimir Nazarov

Gaidar Institute for Economic Policy

Date Written: December 22, 2012

Abstract

Over several recent months, the key issue in the discussion on the Strategy of Long-Term Development of the Pension System of the Russian Federation prepared by the RF Ministry of Labor was reform of the funded component of pension. The critics of the mandatory funded component in Russia usually point to its following drawbacks: low yield on investment; absence of any funding sources for the transition period (the contemporary employed generation has to bear a ‘double burden’: provide financing for the contemporary generation of pensioners and accumulate resources for their own retirement), and lack of any mechanism that can guarantee a yield on accumulated pension savings.

Keywords: Russian economy, pension reform

JEL Classification: H55, J11

Suggested Citation

Nazarov, Vladimir, Russia's Pension Reform: Intermediate Results (December 22, 2012). Russian Economic Developments. 2012, No. 12. Available at SSRN: https://ssrn.com/abstract=2192938

Vladimir Nazarov (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
43
Abstract Views
448
PlumX Metrics