Pension burdens and labor force participation in Kazakstan
This paper examines the pressures imposed by the vast pension system in the former Soviet republic of Kazakstan. Today, some 17% of the country receives pension payments, one of the highest rates in the world - despite the fact that Kazakstan is only now completing its demographic transition. Using a pooled regional-time series data set from pre- and post-Soviet eras, the paper also examines determinants of pension populations and the labor force participation rate. It finds that Kazakstanis in the post-Soviet era respond to price incentives both with respect to real pensions and real wage rates - in stark contrast to dramatically backward-bending labor supply curves of the Soviet era.
Becker, CM; Urzhumova, DS
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