The policy brief presents a review of potential effects of parametric pension reform in Belarus starting in 2017 for the population aged 50 and more in terms of unemployment, alcohol consumption, and poverty. It concludes that, despite the fact that raising the retirement age is overdue in...

Countries in Central, Eastern and South-Eastern Europe (CESE) face the challenge of becoming "demographically old before being economically rich". Ensuring the long-term stability and adequacy of pension systems was one of the most important tasks that these countries faced following economic...

The paper examines the effects of ageing and makes a case for partial pre-funding of pensions. The argument is based on inter-generational fairness in a situation where pension expenditure as compared to wages increases due to low fertility and increasing longevity. We illustrate the approach by...