Prospects for the Russia’s Pension System

作者: E. Gurvich

DOI: 10.32609/0042-8736-2007-9-46-71

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摘要: We find that the present pension system is able to secure long-term formal sustainability. On other hand, rapid fall of replacement rate expected, with hardest period in 2018 2041, when ratio average wage will be below 20%. Additional funds needed keep this at level 2006 amount 2—3% GDP 2020—2041. Distributional implications reform are examined. The value losses born by elder cohorts from estimated reach 9,9 bln roubles (in 2007 prices). gender gap pensions increase substantially, 36% 2050. Measures addressing problems discussed.