Template-Type: ReDIF-Article 1.0
Author-Name: Victor Yu. Lyashok
Author-Email: victorlyashok@gmail.com
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration, Russia
Author-Name: Vladimir S. Nazarov
Author-Email: nazarov@nifi.ru
Author-Workplace-Name: Financial Research Institute, Moscow, Russia
Author-Name: Maxim S. Oreshkin
Author-Email: Maxim.Oreshkin@minfin.ru
Author-Workplace-Name: Ministry of Finance of the Russian Federation, Russia
Title: Factors of Pension Growth in Modern Russia
Abstract: Over the past 15 years the real size of pensions in Russia increased significantly. The article examines the main factors that influenced the dynamics of pensions in the country: wage growth, changes in employment and the number of retirees, the growth of informal employment, changes in taxes and contributions, transfers from the federal budget to the budget of the Pension Fund and other. In the work we construct a model to estimate the contribution of each factor and project the dynamics of pensions in the future in the absence of structural reforms of the pension system.
Classification-JEL: H55, J14, J26, J32
Keywords: pension system, pension reform, retirement pension, the number of pensioners, the size of pension benefits, the coefficient of pension burden, replacement rate, Pension fund, the budget of Pension fund
Journal: Finansovyj žhurnal — Financial Journal
Pages: 7-22
Issue: 1
Year: 2016
Month: February
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2016/1/stftii_1/fm_2016_1__01.pdf
File-Format: Application/pdf
Handle: RePEc:fru:finjrn:160101:p:7-22