Growth in the share of the elderly people cannot but lead to a higher burden on the able-bodied population. In the meantime, families' expenditures per child are increasing. In such a situation, it is inevitable either to increase insurance contributions or the retirement age

This paper examines the impact of the 34% increase in pensions in Russia at the end of 2009 and the beginning of 2010 on the labor market participation of pensioners. Several particular features of the pension system in Russia allow us to estimate the net effect of income from such a reform. For...