Financial Sustainability of Funded Pension Systems in OECD Countries at Demographic Risks

Nepp Alexander ()
Additional contact information
Nepp Alexander: Ural Federal University

A chapter in Financial Environment and Business Development, 2017, pp 243-252 from Springer

Abstract: Abstract The current distribution pension system is on the verge of financial sustainability, which resulted in a budget deficit of the Pension Fund of the Russian Federation and the redirection of pension funds to the distribution system in 2014. One of the main reasons for this is the demographic risks. One of the tools for solving the demographic problem of the distribution pension system is funded systems. However, they are exposed to demographic risks as well. The paper provides an analysis of the impact of demographic risks on funded pension systems. It offers conditions for the financial sustainability of the funded pension system under the influence of demographic and macroeconomic factors. It investigates the compliance with the conditions of the financial sustainability of funded pension systems of Russia and OECD countries in the period from 1958 to 2012, making the forecast for the financial sustainability of funded pension systems until 2050, and the comparative dynamic analysis is held.

Keywords: Funded pension systems; Financial sustainability; Demographic risks; Retirement age; The duration of pension payments (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-319-39919-5_19

Ordering information: This item can be ordered from
http://www.springer.com/9783319399195

DOI: 10.1007/978-3-319-39919-5_19

Access Statistics for this chapter

More chapters in Eurasian Studies in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().