The Future of the Pension System: Parametric Changes or Change of Paradigm?

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.

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Year of publication:	2012
Authors:	Nazarov, Vladimir
Institutions:	Gaidar Institute for Economic Policy
Subject:	pension system \| post-industrial society \| parametric reforms \| retirement age

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	27 pages
Classification:	H55 - Social Security and Public Pensions ; J18 - Public Policy ; I30 - Welfare and Poverty. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10010607109