Pension Reform Options for Russia and Ukraine: A Critical Analysis of Available Options and Their Expected Outcomes (with a Focus on Labour Market, Industrial Restructuring and Public Finance)

Marek Góra, Oleksandr Rohozynsky and Oxana Sinyavskaya

No 25, ESCIRRU Working Papers from DIW Berlin, German Institute for Economic Research

Abstract: Russia and Ukraine are in the process of many changes stemming from economic transition, restructuring, demographic change and other various ongoing challenges. In terms of the ongoing challenges in each country, there are specific problems related to historical developments, such as large scale heavy industry, but also potential opportunities that rarely occur in other countries such as the significant additional income from the countries' abundant natural resources. Both countries have good prospects for the future despite the many challenges. Among the challenges is industrial restructuring taking into account the social dimension, which includes adjusting the current arrangements of pension systems. In the best scenario this could mean a pension reform. The term 'pension reform' can be understood in various ways. In this paper we analyse a wide variety of possible pension system designs. The designs vary by target as well as the various ways to reach those targets. In all cases there may be costs and/or savings problems (as well as liquidity problems, which are not a "cost" from the economic viewpoint as liquidity is accounted as if additional cost were created) and various positive and/or negative economic, financial, and social externalities associated with the pension system designs.

JEL-codes: H53 H55 H69 J11 J18 J32 J38 P36 (search for similar items in EconPapers)
Pages: 72 p.
Date: 2010
New Economics Papers: this item is included in nep-age, nep-cis and nep-tra
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.diw.de/documents/publikationen/73/diw_ ... /diw_escirru0025.pdf (application/pdf)

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:diw:diwesc:diwesc25

Access Statistics for this paper

More papers in ESCIRRU Working Papers from DIW Berlin, German Institute for Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Bibliothek ().