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Pension Reform in Central Asia: An Overview

Author

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  • Becker, Charles M.
  • Seitenova, Ai-Gul S.
  • Urzhumova, Dina S.

Abstract

Seven years ago, Kazakhstan embarked on a dramatic reform of its pension and social security system in order to move from a public defined benefit ("solidarity") system to one of defined mandatory contributions (accumulative system). At the same time, Kyrgyzstan embarked on a move to a notional defined contribution (NDC) system that has made little progress. Today, major reforms are being planned in both Uzbekistan and Tajikistan as well. This paper surveys the reforms that have taken place, discusses the planned reforms, and places them in the underlying fiscal and demographic contexts of the various countries in the region.

Suggested Citation

  • Becker, Charles M. & Seitenova, Ai-Gul S. & Urzhumova, Dina S., 2005. "Pension Reform in Central Asia: An Overview," Discussion Paper 260, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    • Handle: RePEc:hit:piedp1:260
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    File URL: https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/14276/pie_dp260.pdf
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    References listed on IDEAS

    as
    1. Becker, Charles M. & Hemley, David D., 1998. "Demographic change in the former Soviet Union during the transition period," World Development, Elsevier, vol. 26(11), pages 1957-1975, November.
    2. Kathryn Anderson & Richard Pomfret, 2003. "Consequences of Creating a Market Economy," Books, Edward Elgar Publishing, number 2887.
    3. World Bank, 2004. "The World Bank Annual Report 2004," World Bank Publications - Books, The World Bank Group, number 13928.
    4. Becker, Charles & Paltsev, Sergey V., 2004. "Economic Consequences of Demographic Change in the Former USSR: Social Transfers in the Kyrgyz Republic," World Development, Elsevier, vol. 32(11), pages 1849-1870, November.
    5. Charles M Becker & Sergey Paltsev, 2001. "Macro-Experimental Economics in the Kyrgyz Republic: Social Security Sustainability and Pension Reform," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 43(3), pages 1-34, September.
    6. Becker, Charles M. & Musabek, Erbolat N. & Seitenova, Ai-Gul S. & Urzhumova, Dina S., 2005. "The migration response to economic shock: lessons from Kazakhstan," Journal of Comparative Economics, Elsevier, vol. 33(1), pages 107-132, March.
    7. World Bank, 2004. "The World Bank Annual Report 2004," World Bank Publications - Books, The World Bank Group, number 13927.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

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

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