Comparative Analysis of Russia Public Sector Pension Scheme
Comparative Analysis of Russia Public Sector Pension Scheme

Summary/Abstract: The purpose of this research is comparison of Russia’s and European states’ public sector pension schemes (PSPS) by key parameters. The tasks solved: 1. Substantiation of structural deformations existence in the current Russian PSPS; 2. Comparison of the situation in Russia’s and European states’ PSPS on key parameters; 3. Expansion of the possibilities of adaptation of Harsanyi-Selten’s games theory to the tasks of the PSPS reforming by creating a unified technology based on mathematical modeling. Structural deformations of the existing PSPS are manifested in low parameters of its stability. Comparison of the key parameters of Russia’s and a number of European states’ PSPSs is conducted and a conclusion is drawn on the need for a Russian PSPS in fundamental transformation across a wide range of areas. The use of mathematical tools in the modeling of the public choice of the PSPS for equilibrium conditions between the state and the private system is scientifically based. The research can serve as a theoretical basis for reforming PSPSs in many states’ difficult social and economic conditions, for a comprehensive assessment of the social protection quality of the population, and for constructing predictive scenarios on the social policy transformation prospects for many states.

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