We use a new independent survey of 4000 Russian households (the Russian Longitudinal Monitoring Survey or RLMS) to study their saving behavior. The RLMS household saving rate (12%) is less than half the official figure (29%). Despite the massive changes of the transition, the Russian household saving rate of 1994 cannot be shown to be different from that of 1976. The patterns of Russian household saving ...
The ongoing change of demographic and economic structures does not undermine employment (as many believe), but this change indeed induces problems with the mandatory old-age security system in Germany. This paper discusses some popular reform proposals and concludes with another proposal which takes into account economic incentives. Especially the gerontological aim of a longer lifetime employment ...
