Template-Type: ReDIF-Article 1.0
Author-Name: Yuri Ì. Gorlin
Author-Email: gorlinum@yandex.ru
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow 119571, Russia
Author-Name: Elena E. Grishina
Author-Email: grishina@ranepa.ru
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow 119571, Russia
Author-Name: Victor Y. Lyashok
Author-Email: victorlyashok@gmail.com
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow 119571, Russia; Higher School of Economics, Moscow 101000, Russia
Author-Name: Vitaly V. Fedorov
Author-Email: fedorov-vv@rane.ru
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow 119571, Russia
Title: Increase in Retirement Age: Experience of Foreign Countries and the Assessment of the Effects for Russia
Abstract: The article analyzes the foreign experience of increase in the retirement age. The authors investigate the boundaries and rates of increase in the retirement age, taking into account different, such as life expectancy (including life expectancy of persons older the retirement age), the requirements for the length of service and the availability of early retirement opportunities. The article gives an actuarial estimation of economic effects of raising the retirement age in relation to Russian conditions. It is shown that raising of the retirement age makes it possible to achieve a long-term pension system balance with the increase in pensions in real terms.
Classification-JEL: J26
Keywords: pension age, ageing, pension reform, early retirement, mandatory pension insurance, long-term pension system balance
Journal: Finansovyj žhurnal — Financial Journal
Pages: 85-97
Issue: 6
Year: 2017
Month: December
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2017/6/articles/fm_2017_6__07.pdf
File-Format: Application/pdf
Handle: RePEc:fru:finjrn:170607:p:85-97