Starting from October 1, 2017, a private retirement savings system will be launched in Georgia as part of broader pension reform. This reform has been discussed by Nino Doghonadze and Yaroslava Babych in Decent Income in Old Age: Georgian Dream or Reality? on the ISET Economist. Today we will focus only on one very interesting aspect of the reform – the “opt-out” principle and its implementation in the Georgian realities.

Giorgi Jvarsheishvili, a Ph.D. candidate from Friedrich Schiller University Jena visited ISET this Thursday, February 9 to present his research topic on Experimental Analysis of Creativity, Cooperation, and Competition to ISET students and faculty.

On December 9-10 Lasha Lanchava from ISET Policy Institute traveled to Stockholm Institute of Transition Economics (SITE) at Stockholm School of Economics to present his recent experimental work done at ISET and to discuss the possibility of cooperation between SITE and ISET.

Apostle Matthew was a tax collector in Galilee – perhaps the most hated occupation in the ancient world. By quitting his job and deciding to follow Jesus, Mathew accomplished one of the greatest transformations possible in a person’s life. Modern tax inspectors are certainly not expected to follow Jesus.

During the last 12 months, the Georgian authorities have been conducting interesting experiments designed, so it seems, to test the resilience of domestic beer producers. In September 2014, the industry was hit by Article 171 of the Civil Code, prohibiting alcohol consumption in public places. The beer market, 97% of which is supplied by local producers, has immediately shrunk by 22% (in physical volume, see chart), in annual terms.