Template-Type: ReDIF-Paper 1.0
Author-Name: Katerina Lisenkova
Author-Name-First: Katerina
Author-Name-Last: Lisenkova
Author-Email: katerina.lisenkova@strath.ac.uk
Author-Workplace-Name: Department of Economics, University of Strathclyde 
Title: Pension reform in a rapidly ageing country: the case of Ukraine
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.
Length: 36 pages
Creation-Date: 2011-05
Revision-Date: 
Publication-Status: 
File-URL: http://www.strath.ac.uk/media/1newwebsite/departmentsubject/economics/research/researchdiscussionpapers/2011/11-26_Final.pdf
File-Format: Application/pdf
Number: 1126
Classification-JEL: J26, J11, C68
Keywords: Ukraine, CGE Modelling, Pension Reform, Ageing
Handle: RePEc:str:wpaper:1126