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...

Das politische System der Bundesrepublik Deutschland hat in den letzten Jahren einen massiven Wandel seiner Regierungs- und Steuerungsfähigkeit erfahren, der im politikwissenschaftlichen Diskurs als neue Form der "Governance" beschrieben wird. Eine Erscheinungsform des konstatierten Wandels ist...

Public pension systems around the world have been criticized in recent years for some serious flaws, including the excessive burden they impose on the public finances and their depressing impact on saving rates. This study analyzes the impact of pension systems and pension reform on saving,...

This paper presents a technical note on Mexico’s Financial Sector Assessment Program update. The Mexican experience displays interesting characteristics that provide lessons for other countries that still need to design the decumulation phase of their newly established second pillars. The...

The rising role of intra- and intergenerational transfers (e.g. basic income, child benefit and public pensions) characterises modern economies, yet most models depicting these transfers are too sophisticated for a wider but mathematically trained audience. This book presents simple models to...