Template-Type: ReDIF-Paper 1.0
Author-Name: Vladimir Nazarov
Author-Name-First: Vladimir    
Author-Name-Last:  Nazarov
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title:The Future of the Pension System: Parametric Changes or Change of Paradigm?
Abstract: The principal objective of this paper is to discuss shortcomings of the current paradigm of provision of the retirement income. The main conclusion is that in post-industrial society the traditional pension system, a mandatory and comprehensive earnings related scheme, should be replaced by a combination of voluntary private pension schemes funded by individual savings and investments in human capital and by state insurance against poverty.
Length:27 pages
Creation-Date: 2012
Revision-Date:   2012
Classification-JEL:H55, J18, I30
Keywords:pension system, post-industrial society, parametric reforms, retirement age.
File-URL: https://www.iep.ru/files/RePEc/gai/wpaper/0047Nazarov.pdf
File-Format: Application/pdf
File-Function: Revised version, 2012
Handle: RePEc:gai:wpaper:0047