Pension reform in a rapidly ageing country : the case of Ukraine

Lisenkova, Katerina (2011) Pension reform in a rapidly ageing country : the case of Ukraine. Discussion paper. University of Strathclyde Business School, Department of Economics, Glasgow.

[thumbnail of Lisenkova-Strathclyde-2011-Pension-reform-in-a-rapidly-ageing-country]
Preview
Text (Lisenkova-Strathclyde-2011-Pension-reform-in-a-rapidly-ageing-country)
Lisenkova_Strathclyde_2011_Pension_reform_in_a_rapidly_ageing_country.pdf
Final Published Version

Download (1MB)| Preview

    Abstract

    Ukraine has a rapidly ageing and declining population. A dynamic forward-looking Computable General Equilibrium(CGE)model with an explicitly modelled Pay-As-You-­Go pension scheme is constructed to perform simulations of different pension reform scenarios and investigate the impact of population ageing on a wide range of macroeconomic variables. It is shown that, changes in age structure will result in a significant negative impact on the economy and stability of the pension system. Analysis of the potential changes to the pension system is limited to modelling an increase of the pension age, keeping either the workers' contribution rate or replacement rate constant.

    ORCID iDs

    Lisenkova, Katerina ORCID logoORCID: https://orcid.org/0000-0003-0264-9797;