Savings Strategies of Russian Households from the Perspective of Retirement Provision
18 Pages Posted: 2 Aug 2015
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
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