Conceptualization of a Demographically Stable Model of the Pension System and Economic Activity of "Third Age" People: Interaction Context
The objective of the article consists in studying the problems in the domestic pension system within the context of contemporary demographic imbalances. Proceeding from the correlation of the economically active population and the population having lost the earning capacity (as the basis for its financial balance), it is indicated that the pension insurance mechanism is susceptible to financial instability risks due to a growing trend towards population ageing. The study focuses on the availability of economic and personal prerequisites to extension of the limits of economic activity of people throughout their lifetime and during the “third age” period, as well as formation of a demographically stable model of pension insurance. Analysis of contemporary studies shows that transformation of the final (production) output from the material to the information and knowledge form has occurred within the context of domination of the innovative economic development vector and establishment of a “knowledge-driven economy”, and its generation requires formation of a corresponding specialist training level. Collection, compilation and grouping of results of a survey conducted for the purposes of the study among 3.0 thousand Donetsk oblast residents representing varying age categories, education levels and occupations, have demonstrated that the primary incentive for continuation of labor activity to the vast majority of respondents is insufficiency of means to provide for vital needs. Problems and negative trends in pension insurance functioning found in the plane of overlying systemic imbalances in the demographic, labor, and pension spheres are singled out by analyzing legal framework provisions and scientific research. As a result of theoretical generalization and on the basis of the abstract and logical method, a conclusion is made concerning practicality of forming a demographically stable framework of pension system functioning by realizing professional abilities of people considering the present-day development requirements. Propositions are developed aimed at improvement of the modern pension system framework by realizing economic activity of “third age” people. Implementation of the listed propositions will allow ensuring improvement in the demographic and financial stability of the pension system and senior citizens’ social security level within the context of innovative economic development. Prospects for future studies in this area consist in the development of an integral pension system framework resistant to imbalances and risks of an instable social environment.