This paper shows that the pension system of Belarus must be reformed and proposes the most effective reforms among all available alternatives.

Belarus currently has a relatively generous pay-as-you-go pension system, but population aging coupled with recent problems with economic growth will soon make it unsustainable. We build a rich OLG model of Belarusian economy, which shows that without reform the Pension Fund will run into persistent and growing deficit, which will reach 9 per cent of GDP by 2055. We also compute the fiscal projections of several parametric pension reforms.

In this paper the author uses household budget surveys from both countries to explain and quantify the roles of the “second agriculture”in both Belarus and Ukraine and to shed light on the surprising patterns.

This paper studies the evolution of inequality in Belarus in 1995-2007, decomposes inequality by sources of income, and provides a comparison of Belarus and Ukraine.