Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/87756 
Year of Publication: 
2000
Series/Report no.: 
ETLA Discussion Papers No. 713
Publisher: 
The Research Institute of the Finnish Economy (ETLA), Helsinki
Abstract: 
The study identifies three groups of problems in the Lithuanian pension environment: fiscal problems, poverty of retired people, and problems related to working and saving incentives. The future of the current pension system is suspect, as the population share of the elderly is increasing and fertility is on a declining trend. The study analyses different policy measures, using e.g. a dynamic general equilibrium model. The research group also proposes a pension policy package, consisting of six points, that will alleviate the poverty problems, result in an efficient pension system, and can be implemented so that the welfare losses to some cohorts, which cannot be avoided during the transition, will be small.
Subjects: 
pensions
poverty
incentives
ageing
partial privatisation
JEL: 
H55
Document Type: 
Working Paper

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