Pension reform in a rapidly ageing country: the case of Ukraine

Katerina Lisenkova

No 1126, Working Papers from University of Strathclyde Business School, Department of Economics

Abstract: Ukraine has a rapidly ageing and declining population. A dynamic forward-looking Computable General Equilibrium(CGE)model with an explicitly modelled Pay-As-You-­Go pension scheme is constructed to perform simulations of different pension reform scenarios and investigate the impact of population ageing on a wide range of macroeconomic variables. It is shown that, changes in age structure will result in a significant negative impact on the economy and stability of the pension system. Analysis of the potential changes to the pension system is limited to modelling an increase of the pension age, keeping either the workers' contribution rate or replacement rate constant.

Keywords: Ukraine; CGE Modelling; Pension Reform; Ageing (search for similar items in EconPapers)
JEL-codes: C68 J11 J26 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2011-05
New Economics Papers: this item is included in nep-age and nep-cmp
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Citations: View citations in EconPapers (1)

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Working Paper: Pension reform in a rapidly ageing country: the case of Ukraine (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:str:wpaper:1126

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