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- W2759242173 abstract "The ongoing distribution of the pension system is on the threshold of losing its sustainability, financially, which has produced a deficit in the budget of the Pension Fund of the Russian Federation and the deflection of pension funds to the distribution system in 2014. This situation was to some extent caused by demographic risks. Funded systems could become the main instrument for mitigating the demographic problem of the distribution pension system. But the problem is, these systems are unprotected to demographic risks as well.The paper examines the effect of demographic uncertainty on funded pension systems. It describes the process necessary for the financial sustainability of a funded pension system under the force of demographic and macroeconomic factors. It explores the conformity of Russian funded pension systems and that of OECD countries with the status of financial sustainability in the time from 1958 to 2012, making a prognosis for the financial viability prospects." @default.
- W2759242173 created "2017-10-06" @default.
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- W2759242173 date "2017-09-23" @default.
- W2759242173 modified "2023-10-16" @default.
- W2759242173 title "FINANCIAL AND SOCIAL SUSTAINABILITY PENSION SYSTEMS IN THE FACE OF DEMOGRAPHIC RISKS" @default.
- W2759242173 cites W1973991780 @default.
- W2759242173 doi "https://doi.org/10.12955/cbup.v5.947" @default.
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