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Appropriate Strategy of Pension System Reforming (by the Case Study of Former USSR Countries)


Mikhail Leonov
(about the author)

Leonov Mikhail Vitalyevich – Cand. of Econ. Sci., Associate Professor, Chair of Economy Theory, Izhevsk State Technical University

Published in:
Journal of Economics, Entrepreneurship and Law
– № 1 / February, 2012



Keywords: accumulative pension system, distributive pension system, pension reform, transition economy, transplantation of institutes


Citation:
Mikhail Leonov (2012). Appropriate Strategy of Pension System Reforming (by the Case Study of Former USSR Countries). Journal of Economics, Entrepreneurship and Law, 2(1), 43-60. — url: http://bgscience.ru/com/lib/4983


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Abstract:

Article considers the ways of further pension system reforming by the case study of former USSR countries. Article offers two main directions of reforming: transition to a model of social services for hard developing countries and transition to modified distributive model for other countries of former USSR. Article shows that accumulative element is inefficient part of pension system financing due to imperfection of stock market in considered countries and due to high expenses for pension savings management.







References:
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2. Schwarz, A. (2006), “Pension System Reforms”, Pension Reform Primer series, Social Protection Discussion Paper no. 0608, World Bank, Washington, D.C.
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5. Fourati, Y. A., and O'Donoghue, C. (2009). "Eliciting Individual Preferences for Pension Reform": School of Economics, National University of Ireland, Galway.
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stranakh byvshego SSSR // Ekonomicheskie otnosheniya. ‒ 2011. ‒ № 2. – S. 28-42.