This book takes as a starting point that welfare states in developed societies do not provide systems of social insurance against the risk of an early death. In contrast to the way in which economically developed countries provide ways of insuring citizens against other possibilities, such as...

We propose a unified framework to measure the effects of different reforms of the pension system on retirement ages and macroeconomic indicators in the face of demographic change. A rich overlapping generations (OLG) model is built and endogenous retirement decisions are explicitly modeled...

The road to Kazakhstan's pension and social reform -- The unsustainable welfare state -- The political economy of the reform -- Macro-actuarial forecasts -- Kazakhstan's economic transformation, 1989-2007 -- Pension benefits during the transition period -- Performance of pension funds -- Legal...

Retirements at risk / Alicia H. Munnell -- Expanding participation in America's workplace retirement system / Gary Burtless -- Financial market turbulence and social security reform / Gary Burtless -- The plan to save American workers' retirements / Teresa Ghilarducci -- Learning from...