Pension Reform in Russia: A General Equilibrium Approach

Preprint OPEN
Kuznetsov Artem; Ordin Oleg;
  • Subject: Russia, PAYG pension system, funded pension system, steady state, transition
    • jel: jel:H55 | jel:H21 | jel:H24 | jel:E62

This paper uses a classic, overlapping generation model to analyze the optimal transition of the Russian economy from a PAYG pension system to a funded pension system. The transition is associated with the accumulation of social capital gained by increased contributions... View more
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