Conditions for the Growth of the “Silver Economy” in the Context of Sustainable Development Goals: Peculiarities of Russia

Abstract

A “silver economy” can drive economic growth. The key condition is effective demand, determined by the number of financially secure members of the elderly population. The aim of this study is to assess the conditions of the Russian “silver economy”, identify the constraints on its growth, and develop recommendations for their elimination to achieve Sustainable Development Goals. We applied multivariate statistical analysis methods. The absolute and structural numbers of elderly people in Russia were found to not differ much from those in the developed countries of Europe. Their financial support exhibits several important features. A state pension plays a key role in financing the needs of Russian pensioners. Income from labor occupies the second position. Asset-based reallocations are negligible. Public programs will improve the standard of living of current pensioners. For future pensioners, it is important to increase the income received from asset-based reallocations. Russian pensioners were found to have had a negative experience of participation in the funded pension system. It is necessary to stimulate the voluntary participation of future pensioners in the funded pension system and to change the regulation of the investment activities of pension managers. In general, the formation of conditions favorable to the “silver economy” may turn it into a driver of sustainable development in Russia.

Investigación sobre la producción científica en relación con la silver economy

“…Otros puntos de vista únicamente sitúan la silver economy como un elemento para potenciar el crecimiento económico, y buscan establecer una relación con los Objetivos de Desarrollo Sostenible (Reshetnikova et al, 2021). En Polonia, cuando se trata de desarrollo sostenible, hacen referencia a la necesidad de implicar a las personas mayores del medio rural para que ese tipo de desarrollo sea posible (Sikora et al, 2019), pues faltaría un mayor desarrollo de propuestas que permitan implementar políticas concretas, puesto que esas áreas se enfrentan a problemáticas como la despoblación o el progresivo envejecimiento (Krzyminiewska y Pondel, 2019).…”

Growth prospects for the silver economy in the market segment of residential care services provided to dependent elderly people

“…However, it should be emphasised that the silver economy also includes those market segments providing services and products to address the needs of older people (European Commission, 2018). Nevertheless, many researchers point to a broader understanding of the concept of the silver economy, which also includes education, clothing and fashion, media, culture, inter-sectoral activities, gerontotechnologies and social innovation (Klimczuk, 2016;Reshetnikova et al, 2021).…”

HF-SCA: Hands-Free Strong Customer Authentication Based on a Memory-Guided Attention Mechanisms

“…The consequences have been relevant for the banking industry: an Italian bank computed from its databases that a huge 22% of online purchases in the first semester of 2021 did not complete because of problems with the SCA. Reasonably, the SCA impacted mostly on the purchase made by the less accustomed to technology: for such people (e.g., older generations Reshetnikova et al (2021); Imam et al (2022), but also people who simply cannot afford a second device) paying online has become suddenly more difficult or even impossible. Excluding such a big part of citizens from the technological progress of the smart city goes exactly in the opposite direction of the aims of the smart city itself: citizen engagement, here including also the financial inclusiveness Ebong and George (2021), is a strong pillar of the smart city manifesto, which calls for creating and fostering accessible urban services for everyone.…”