Lisenkova, Katerina; Bornukova, Kateryna - In: Baltic journal of economics 17 (2017) 2, pp. 103-118
Belarus currently has a relatively generous pay-as-you-go pension system, but population aging coupled with recent problems with economic growth will soon make it unsustainable. We build a rich overlapping generation model of Belarusian economy, which shows that without reform the Pension Fund...