Пенсионная реформа и межпоколенческий альтруизм в моделях экономической динамики

Pension reform and intergenerational altruism in economic dynamics models

Alexander Surkov

MPRA Paper from University Library of Munich, Germany

Abstract: A complexity of a pension reform realization in a country with high level of intergenerational altruism is considered as a reason of a failure of the pension reform in Russia. Differences between intergenerational altruism levels in Russia and more modernized western countries are discussed. Overlapping generations models with two-way intergenerational altruism and pension system are analyzed. Successful transition from pay-as-you go pension system to fully funded one is shown to be possible in a modernized society with low level of intergenerational altruism and stable economy. But, even in that case the issue of the transition costs, their volume and distribution remains essential.

Keywords: pension system; pension reform; fully funded pension system; pay-as-you-go pension system; intergenerational transfers; intergenerational altruism; overlapping generations (search for similar items in EconPapers)
JEL-codes: D64 D91 E24 H55 (search for similar items in EconPapers)
Date: 2009
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Published in Finansy i biznes 3 (2009): pp. 26-47

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