Early Retirement and Economic Activity in Russia

Student: Kotenko Ekaterina

Educational Programme: Economics (Bachelor)

Final Grade: 7

Year of Graduation: 2020

The Russian pension system allows for a large number of ways to retire earlier than the default age. However, only a limited number of works has studied the impact of this policy on the levels of economic activity of the population. Major groups of the Russian workforce, such as teachers, doctors, military personnel, people employed in dangerous and difficult professions, workers in the Far North and some others have this opportunity. The goal of this work is to analyze the impact of early retirement on the economic activity of Russian citizens. Based on the RLMS-HSE data for 2002-2018, binary choice regression models for the status of economic activity were estimated. Our mainline results indicate that receiving an early pension negatively affects the likelihood of belonging to an economically active population at a statistically significant degree.

Full text (added May 8, 2020)

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