Possibilities for Increasing the Retirement Age in Russia in Response to Population Ageing

The article evaluates the possibility of increasing the retirement age to mitigate the influence of ageing on the pension system of Russia. The study consists in building demographic forecasts on the basis of hypotheses on the separation of the global demographic trends and the manifestations of Rus...

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Bibliographic Details
Published inMontenegrin journal of economics Vol. 12; no. 3; pp. 127 - 138
Main Author Chistova, Elena V.
Format Journal Article
LanguageEnglish
Published Podgorica Ekonomska Laboratorija za Istrazivanje Tranzicije 01.01.2016
Subjects
Age
Aging
Demographics
Disability pensions
Employment
Expenditures
Gender differences
Human capital
Hypotheses
Industrialized nations
Mens health
Mortality
Older people
Pension plans
Population
Retirement
Trends
Womens health
Russia
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Summary:The article evaluates the possibility of increasing the retirement age to mitigate the influence of ageing on the pension system of Russia. The study consists in building demographic forecasts on the basis of hypotheses on the separation of the global demographic trends and the manifestations of Russian development features in the processes of population reproduction. The demographic forecast is based on the method of shifting basic data forward by age. The forecast confirmed a well-known paradox that - if the situation with the reduction of mortality rate continues to improve as it used to in the recent years - the ageing pace negatively affecting the pension system balance will turn out to be even faster at least in the mid-term prospect.
ISSN:1800-5845
1800-6698
DOI:10.14254/1800-5845.2016/12-3/9