This volume addresses the most important issues of the ongoing discussion on designing social security. It provides fundamental results for pay-as-you-go social security, covers the issues of social security during demographic transition and examines the inclusion of risk aspects into the...

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...