Readiness of Russian students to form individual pension savings
Research Article
Acknowledgments
The article is based on the results of research carried out under the State assignment to the Financial University for 2021.
How to Cite
Tyurikov A.G., Razov P.V., Markov D.I. Readiness of Russian students to form individual pension savings. Population. 2021. Vol. 24. No. 3. P. 62-75. DOI: https://doi.org/10.19181/population.2021.24.3.6 (in Russ.).
Abstract
Pension provision issues are among the most urgent problems in both the world and domestic socio-economic policy, as evidenced by frequent changes in pension legislation. Thus, the Russian pension system has undergone serious changes four times over the past two decades, however, by the standards of developed countries, the pension amount continues to be unsatisfactory. In order to attract long-term financial resources to the national economy and improve the quality of life of future pensioners, the authorities are increasingly demonstrating their interest in pushing the population to participation in the system of non-state pension provision. The article presents the results of a sociological study «Savings strategies of Financial University students», which was aimed at identifying the attitudes of Russian students regarding the formation of individual pension savings in non-state pension funds (NPFs). According to the results obtained, students, in general, are already thinking about their future retirement. However, in order to form savings for future old age, students need a sufficient amount of both current income and income in the long term. The most preferred tools for this are foreign currency, securities and cash rubles; the least interest is caused by services of NPFs and insurance companies, which is due to the ideas of insufficient profitability, as well as the riskiness of the activities of these organizations. To attract a youth audience, NPFs need not only to have a reputation as reliable, transparent and customer-oriented organizations, but also to build good communication with potential investors in order to explain the principles and mechanism of their work.
Keywords:
savings, pension, non-state pension funds, youth
References
1. Finansovoye povedeniye naseleniya. Monitoring [Financial Behavior of the Population. Monitoring]. 2020. Ed. A. V. Yarasheva. Moscow. ISEPN FNISTS RAN [Institute of Socio-Economic Studies of Population of the Federal Center of Theoretical and Applied Sociology RAS]. 2020. 123 p. ISBN 978-5-4465-2933-9. (in Russ.)
2. Aleksandrova O. A., Yarasheva A. V. 6 Mezhdunarodnaya nauchno-prakticheskaya konfferentsiya «Dokhody, raskhody i sberezheniya naseleniya Rossii: tendentsii i perspektivy» [VI International research and practical conference «Incomes, Expenditures and Savings of the Russian Population: Trends and Prospects»]. Narodonaselenie [Population]. 2021. Vol. 24. No. 1. P. 144-150. DOI: 10.19181/ population.2021.24.1.13. (in Russ.)
3. Yushkova S. A., Doroshenko M. V. Strategii pensionnogo povedeniya v usloviyakh reformirovaniya pensionnoy sistemy [Strategies of pension behavior in the conditions of reforming the pension system]. Vlast' [The Authority]. 2019. Vol. 27. No. 1. P. 41-46. DOI: 10.31171/vlast.v27i1.6196. (in Russ.)
4. Vershinin S. E., Vlasova O. I. Predstavleniya molodykh rossiyan o svoyem pensionnom budushchem [Ideas of young Russians about their retirement future]. Vestnik Chelyabinskogo gosudarstvennogo universiteta [Bulletin of Chelyabinsk State University]. 2015. No. 26. P. 124-130. (in Russ.)
5. Vlasova O. I., Kostina N. B. Pensionnyye plany molodogo pokoleniya rossiyan: gosudarstvennyy paternalizm ili sub»yektnoye partnerstvo? [Pension plans of the younger generation of Russians: state paternalism or subject partnership?] Voprosy upravleniya [Management Issues]. 2015. No. 6. P. 211-217. (in Russ.)
6. Vlasova O. I., Chebykina I. V. Sotsial'nyye praktiki v sfere pensionnogo povedeniya molodogo pokoleniya [Social practices in the field of pension behavior of the younger generation]. Yevraziyskiy Soyuz Uchenykh [Eurasian Union of Scientists]. 2017. No. 12-2(45). Available at: https://cyberleninka.ru/article/n/sotsialnye-praktiki-v-sfere-pensionnogo-povedeniya-molodogo-pokoleniya (Accessed: 20 August 2021). (in Russ.)
7. Zayats O. V., Zinnatullina D. I. Uroven' informirovannosti molodezhi o pensionnom strakhovanii v Rossii (na primere studentov DVFU) [The level of youth awareness about the pension insurance in Russia (on the example of the Far Eastern Federal University students)]. World Science: Problems and Innovations. Proceedings of the XXIII International scientific and practical conference. Ed. G. Yu. Gulyaev. Part 4. Nauka i prosveshcheniye [Science and Education]. Penza. 2018. Р. 317-321. ISBN 978-5-907204-86-7. (in Russ.)
8. Aleksandrova O. A., Markov D. I. Obespechennyye ili nishchiye: chto dumayut molodyye rossiyane o budushchey starosti i kak namereny deystvovat'? [The well-off or the poor: what do young Russians think about their future old age and how do they intend to act?] Monitoring obshchestvennogo mneniya: ekonomicheskiye i sotsial'nyye peremeny [Monitoring of Public Opinion: Economic and Social Changes]. 2020. No. 3. Р. 42-65. DOI: 10.14515/monitoring.2020.3.1607. (in Russ.)
2. Aleksandrova O. A., Yarasheva A. V. 6 Mezhdunarodnaya nauchno-prakticheskaya konfferentsiya «Dokhody, raskhody i sberezheniya naseleniya Rossii: tendentsii i perspektivy» [VI International research and practical conference «Incomes, Expenditures and Savings of the Russian Population: Trends and Prospects»]. Narodonaselenie [Population]. 2021. Vol. 24. No. 1. P. 144-150. DOI: 10.19181/ population.2021.24.1.13. (in Russ.)
3. Yushkova S. A., Doroshenko M. V. Strategii pensionnogo povedeniya v usloviyakh reformirovaniya pensionnoy sistemy [Strategies of pension behavior in the conditions of reforming the pension system]. Vlast' [The Authority]. 2019. Vol. 27. No. 1. P. 41-46. DOI: 10.31171/vlast.v27i1.6196. (in Russ.)
4. Vershinin S. E., Vlasova O. I. Predstavleniya molodykh rossiyan o svoyem pensionnom budushchem [Ideas of young Russians about their retirement future]. Vestnik Chelyabinskogo gosudarstvennogo universiteta [Bulletin of Chelyabinsk State University]. 2015. No. 26. P. 124-130. (in Russ.)
5. Vlasova O. I., Kostina N. B. Pensionnyye plany molodogo pokoleniya rossiyan: gosudarstvennyy paternalizm ili sub»yektnoye partnerstvo? [Pension plans of the younger generation of Russians: state paternalism or subject partnership?] Voprosy upravleniya [Management Issues]. 2015. No. 6. P. 211-217. (in Russ.)
6. Vlasova O. I., Chebykina I. V. Sotsial'nyye praktiki v sfere pensionnogo povedeniya molodogo pokoleniya [Social practices in the field of pension behavior of the younger generation]. Yevraziyskiy Soyuz Uchenykh [Eurasian Union of Scientists]. 2017. No. 12-2(45). Available at: https://cyberleninka.ru/article/n/sotsialnye-praktiki-v-sfere-pensionnogo-povedeniya-molodogo-pokoleniya (Accessed: 20 August 2021). (in Russ.)
7. Zayats O. V., Zinnatullina D. I. Uroven' informirovannosti molodezhi o pensionnom strakhovanii v Rossii (na primere studentov DVFU) [The level of youth awareness about the pension insurance in Russia (on the example of the Far Eastern Federal University students)]. World Science: Problems and Innovations. Proceedings of the XXIII International scientific and practical conference. Ed. G. Yu. Gulyaev. Part 4. Nauka i prosveshcheniye [Science and Education]. Penza. 2018. Р. 317-321. ISBN 978-5-907204-86-7. (in Russ.)
8. Aleksandrova O. A., Markov D. I. Obespechennyye ili nishchiye: chto dumayut molodyye rossiyane o budushchey starosti i kak namereny deystvovat'? [The well-off or the poor: what do young Russians think about their future old age and how do they intend to act?] Monitoring obshchestvennogo mneniya: ekonomicheskiye i sotsial'nyye peremeny [Monitoring of Public Opinion: Economic and Social Changes]. 2020. No. 3. Р. 42-65. DOI: 10.14515/monitoring.2020.3.1607. (in Russ.)
Article
Received: 10.07.2021
Accepted: 20.09.2021
Citation Formats
Other cite formats:
APA
Tyurikov, A. G., Razov, P. V., & Markov, D. I. (2021). Readiness of Russian students to form individual pension savings. Population, 24(3), 62-75. https://doi.org/10.19181/population.2021.24.3.6
Section
QUALITY, STANDARDS AND CONDITIONS OF LIFE
