The stock market collapse led to political tensions between generations due to the fuzzy definition of the property rights over the pension funds’ wealth. The problem is best resolved by the introduction of generational accounts. Modern consumption and portfolio theory shows that the younger...

Chapter 1 Purpose and background of the study -- chapter 2 Solidarity in supplementary pensions today -- chapter 3 Factors influencing the support for solidarity -- chapter 4 Study approach -- chapter 5 Opinions on supplementary pensions.

This research is aimed at developing a methodology for assessing the efficacy of a macroeconomic model of the Kazakhstani pension provision system. A hierarchy of indicators of the pension system efficacy is built using the graph method. The representativeness of these indicators is confirmed by...