The Ageing of Russian Population as a Factor of Budget Crisis

Solovyov A.K.


The author argues that the level of the retirement age in the country depends on the factors that lie outside of the pension system, in particular on demographic characteristics of population. Besides, macroeconomic system and the labour market exert strong influence on the pension obligations of the state.


macroeconomic parameters, retirement age, strategic planning, long-term forecasting, actuarial calculations, life expectancy, demographic strategy, insurance pension, budgetary crisis, budgetary transfers.

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