Abstract
Based on recently developed techniques for improving the estimates of life expectancy and extending the mortality data to old-age, we provide the first ever analysis of demographic implications of the pension reform in Russia in both the cross-sectional and cohort perspectives. Our analysis indicates a strong need to rebalance the pension system but also its acute negative consequences to Russian cohorts. Men are particularly vulnerable to the reform because of their low survival and shorter lifespan. Our study suggests that the reform must be supplemented by extraordinary policies aiming at mitigating the negative consequences of the reform. Comparison of the Russian case with the benchmark case of Sweden illustrates economic benefits of population ageing driven by lifespan extension.
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Notes
- 1.
Note that we have harmonized the source datasets to the main collection that came from the Human Mortality Database and excludes the population of the Crimean peninsula (ca. 2 millions).
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Acknowledgments
The research leading to these results has received funding from the Russian Foundation for Basic Research Grants 18-01-00289 “Mathematical models and methods of correcting the distortions of the age structure and mortality rates of elderly population” and 18-010-01169 “Demographic changes and economic growth”. The author is grateful to participants of the seminar at the Vienna Institute of Demography for useful feedback.
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Ediev, D.M. (2020). Demographics of the Russian Pension Reform. In: Skiadas, C.H., Skiadas, C. (eds) Demography of Population Health, Aging and Health Expenditures. The Springer Series on Demographic Methods and Population Analysis, vol 50. Springer, Cham. https://doi.org/10.1007/978-3-030-44695-6_9
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