Savings Strategies of Russian Households from the Perspective of Retirement Provision

18 Pages Posted: 2 Aug 2015

See all articles by Tatiana Nikitina

Tatiana Nikitina

Saint-Petersburg State University of Economics

Anna Repeta-Tursunova

Saint-Petersburg State University of Economics

Grigori Feiguine

Saint-Petersburg State University of Economics

Date Written: July 31, 2015

Abstract

This paper investigates different saving strategies of Russian population such as bank deposits, deposits in precious metals and depersonalized metal accounts, investments in mutual funds and securities, investments in private pension funds and life insurance, investments in real estate. The overview of statistic data for the period of 2000th in context of general economic and social problems in Russia is given. Investment strategies are compared regarding their rates of return, safety and simplicity for the most part of population. For the first time we analyze the tax advantages of investment products corresponding to the Russian tax law.

Keywords: private savings, asset allocation, household finance, taxation of investments

JEL Classification: B26

Suggested Citation

Nikitina, Tatiana and Repeta-Tursunova, Anna and Feiguine, Grigori, Savings Strategies of Russian Households from the Perspective of Retirement Provision (July 31, 2015). Available at SSRN: https://ssrn.com/abstract=2638335 or http://dx.doi.org/10.2139/ssrn.2638335

Tatiana Nikitina

Saint-Petersburg State University of Economics ( email )

Anna Repeta-Tursunova

Saint-Petersburg State University of Economics ( email )

21, Sadovaja street
St.Petersburg, 191023
Russia

Grigori Feiguine (Contact Author)

Saint-Petersburg State University of Economics ( email )

21, Sadovaja street
St.Petersburg, 191023
Russia

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