Pension reform in a rapidly ageing country: the case of Ukraine

Katerina Lisenkova

Research output: Working paperDiscussion paper

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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.
Original languageEnglish
Place of PublicationGlasgow
Number of pages36
Publication statusPublished - 31 May 2011

Publication series

NameWorking Papers


  • Ukraine
  • CGE modelling
  • pension reform
  • ageing

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