KEY ALTERNATIVES OF THE PENSION REFORM
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KEY ALTERNATIVES OF THE PENSION REFORM
Annotation
PII
S0207-36760000392-0-1
DOI
10.31857/S60000392-0-1
Publication type
Article
Status
Published
Edition
Pages
79-109
Abstract
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. Specific recommendations are made for a socially acceptable transition of the pension system.
Keywords
pension system, post-industrial society, retirement age, parametric reforms
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