It is frequently argued that in a period of economic crisis the correct course of action is to implement an “anti-cyclical” fiscal policy that entails lowering the tax burden and increasing state expenditure. In Russia, the instruments of anti-cyclical budgetary policy are progressive rates...

Over several recent months, the key issue in the discussion on the Strategy of Long-Term Development of the Pension System of the Russian Federation prepared by the RF Ministry of Labor was reform of the funded component of pension. The critics of the mandatory funded component in Russia usually...

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...