The financial development perspective of funded pension systems / Nepp A.N., Kryuchkova P.V., Semin A.N., Kopnov V.V. // Life Science Journal. - 2014. - V. 11, l. SPEC. ISSUE 11. - P. 288-293.

ISSN:
10978135
Type:
Article
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.
Author keywords:
Demographic risks; Financial sustainability; Funded pension systems; Retirement age; The duration of pension payments
Index keywords:
нет данных
DOI:
нет данных
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Art. No. 65
Link https://www.scopus.com/inward/record.uri?eid=2-s2.0-84904578741&partnerID=40&md5=dd9d5ba423a2027d40312c8866bcf175
Affiliations Ural Federal University (Ekaterinburg, Russia), Graduate School of Economics and Management, Mira Str. 19, Ekaterinburg, 620 000, Russian Federation; Lomonosov Moscow State University (Moscow, Russia), Leninskiye Gory, Moscow State University named after Lomonosov, 3 rd new building, GSP-1, 119991, Moscow, Russian Federation
Author Keywords Demographic risks; Financial sustainability; Funded pension systems; Retirement age; The duration of pension payments
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Correspondence Address Nepp, A. N.; Ural Federal University (Ekaterinburg, Russia), Graduate School of Economics and Management, Mira Str. 19, Ekaterinburg, 620 000, Russian Federation
Publisher Zhengzhou University
Language of Original Document English
Abbreviated Source Title Life Sci. J.
Source Scopus