IDEAS home Printed from https://ideas.repec.org/p/hit/piedp1/142.html
   My bibliography  Save this paper

Kazakhstan's Pension System: Pressures for Change and Dramatic Reforms

Author

Listed:
  • Seitenova, Ai-Gul S.
  • Becker, Charles M.

Abstract

Five years ago, Kazakhstan embarked on a dramatic reform of its pension and social security system in order to move from an unsustainable public defined benefit ("solidarity") system to one of defined mandatory contributions (accumulative system). While assessment of long-run success is premature, early results have exceeded expectations. This paper considers the reform's rationale and initial impact: Why did the Government of Kazakhstan decide to introduce a new pension system? What advantages did the state perceive? Was the Government's decision appropriate, and what alternatives existed? The paper also analyzes pension reform issues that have yet to be fully resolved.

Suggested Citation

  • Seitenova, Ai-Gul S. & Becker, Charles M., 2003. "Kazakhstan's Pension System: Pressures for Change and Dramatic Reforms," Discussion Paper 142, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
  • Handle: RePEc:hit:piedp1:142
    Note: for presentation at the Institute of Economic Research, Hitotsubashi University, Workshop on Pension Reform in Transition Economies, Tokyo, Japan, February 22, 2003, This research has been funded in part by the US Agency for International Development and by the US National Institute of Aging through a grant to the University of Colorado.
    as

    Download full text from publisher

    File URL: http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/14393/1/pie_dp142.pdf
    Download Restriction: no

    More about this item

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • P35 - Economic Systems - - Socialist Institutions and Their Transitions - - - Public Finance
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hit:piedp1:142. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Digital Resources Section, Hitotsubashi University Library). General contact details of provider: http://edirc.repec.org/data/cihitjp.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.