Recent macroeconomic and demographic trends have resulted in new challenges for pension systems. One of these challenges is to create a sustainable pension system while simultaneously providing adequate pension benefits for current and future pensioners. This research explores how similar are...

The given article below illustrates changes in Georgian pension system. The article gives information about short historical review of Georgian pension scheme and also economical analyze of the new pension system, possible results and challenges that are related to the successful implementation...

This paper provides the results of analyses of key problems related to pension systems and their reforms in Russia and Ukraine. The pension systems and their reforms in both countries are compared. They are also compared with the general picture observed in the OECD or selected countries...

The development human capital is now recognized as being the most important precondition of economic growth in modern times. It should be a priority in our socio-economic policy. However, recognition of this fact alone will not produce a qualitative leap in the development of education,...

This paper proposes an overlapping generation model along the lines of the papers by Fanti and Gori (2008). Its objective is to study the effect of demographic shocks on the level pension respectively in the PAYG and funded system within the context of increased life expectancy at long-run.

The oligopolistic structure of the open pension funds in Poland implies homogeneity of their behaviors on the market. In particular, it influences low competitive pressure between the funds. This Article draws attention to poor competitiveness of the funds, both in the area of price competition,...