Impact of COVID-19 on Ageing and Retirement System: Key Policy Considerations
The authors attempt to conduct interdisciplinary research in epidemiology demography and pension economics. A literature was selected upon its relevance to the following key words: COVID-19, ageing and retirement system. The following methods are used: Historical content analysis, information, and a...
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| Format: | Article |
| Language: | English |
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Institute of Economics under the Science Committee of Ministry of Education and Science RK
2021-10-01
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| Series: | Экономика: стратегия и практика |
| Subjects: | |
| Online Access: | https://esp.ieconom.kz/jour/article/view/332 |
| _version_ | 1797879301938348032 |
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| author | A. K. Izekenova A. T. Rakhmatullina A. K. Izekenova A. Tolegenova D. D. Yermekbayeva |
| author_facet | A. K. Izekenova A. T. Rakhmatullina A. K. Izekenova A. Tolegenova D. D. Yermekbayeva |
| author_sort | A. K. Izekenova |
| collection | DOAJ |
| description | The authors attempt to conduct interdisciplinary research in epidemiology demography and pension economics. A literature was selected upon its relevance to the following key words: COVID-19, ageing and retirement system. The following methods are used: Historical content analysis, information, and analytical, comparative analysis. The analysis part is mainly based on secondary data of Committee on Statistics of the Republic of Kazakhstan and world recognized institutions’ reports such as World Health Organization, United Nations and World Bank. In the demographic analysis the traditional and alternative indices of population ageing such as Old Age Dependency Ratio (OADR) and Prospective Old Age Dependency Ratio (POADR) were widely used. By August 5, 2020, Kazakhstan has 94,882 registered cases of CVI, 67031 people recovered and 1058 deaths. Confusion in the demographic statistics of COVID-19 cases showed all the shortcomings. Even though the OADR and POADR ratios are rising in accordance with UN forecast, the global pandemic will adjust the population ageing, since the mortality of the elderly population from this disease is higher than in other age groups. The Kazakhstani retirement system has been suffered by the COVID-19 as well. Human losses, income poverty and increase in pension costs put a burden on state budget. The research presents recommendations on supporting measures in several directions that need to be taken by policy makers during post COVID-19 period in retirement system. |
| first_indexed | 2024-04-10T02:45:30Z |
| format | Article |
| id | doaj.art-4de3c53e613144249930af39787ab3fb |
| institution | Directory Open Access Journal |
| issn | 1997-9967 2663-550X |
| language | English |
| last_indexed | 2024-04-10T02:45:30Z |
| publishDate | 2021-10-01 |
| publisher | Institute of Economics under the Science Committee of Ministry of Education and Science RK |
| record_format | Article |
| series | Экономика: стратегия и практика |
| spelling | doaj.art-4de3c53e613144249930af39787ab3fb2023-03-13T07:45:30ZengInstitute of Economics under the Science Committee of Ministry of Education and Science RKЭкономика: стратегия и практика1997-99672663-550X2021-10-0116316717610.51176/1997-9967-2021-3-167-176297Impact of COVID-19 on Ageing and Retirement System: Key Policy ConsiderationsA. K. Izekenova0A. T. Rakhmatullina1A. K. Izekenova2A. Tolegenova3D. D. Yermekbayeva4Университет международного бизнесаУниверситет международного бизнесаКазНМУ им. С.Д. АсфендияроваКазНМУ им. С.Д. АсфендияроваУниверситет международного бизнесаThe authors attempt to conduct interdisciplinary research in epidemiology demography and pension economics. A literature was selected upon its relevance to the following key words: COVID-19, ageing and retirement system. The following methods are used: Historical content analysis, information, and analytical, comparative analysis. The analysis part is mainly based on secondary data of Committee on Statistics of the Republic of Kazakhstan and world recognized institutions’ reports such as World Health Organization, United Nations and World Bank. In the demographic analysis the traditional and alternative indices of population ageing such as Old Age Dependency Ratio (OADR) and Prospective Old Age Dependency Ratio (POADR) were widely used. By August 5, 2020, Kazakhstan has 94,882 registered cases of CVI, 67031 people recovered and 1058 deaths. Confusion in the demographic statistics of COVID-19 cases showed all the shortcomings. Even though the OADR and POADR ratios are rising in accordance with UN forecast, the global pandemic will adjust the population ageing, since the mortality of the elderly population from this disease is higher than in other age groups. The Kazakhstani retirement system has been suffered by the COVID-19 as well. Human losses, income poverty and increase in pension costs put a burden on state budget. The research presents recommendations on supporting measures in several directions that need to be taken by policy makers during post COVID-19 period in retirement system.https://esp.ieconom.kz/jour/article/view/332covid-19глобальная пандемиястарениериск смертностипенсионная системасоциальная защитасоциальное страхованиепост covid-19 |
| spellingShingle | A. K. Izekenova A. T. Rakhmatullina A. K. Izekenova A. Tolegenova D. D. Yermekbayeva Impact of COVID-19 on Ageing and Retirement System: Key Policy Considerations Экономика: стратегия и практика covid-19 глобальная пандемия старение риск смертности пенсионная система социальная защита социальное страхование пост covid-19 |
| title | Impact of COVID-19 on Ageing and Retirement System: Key Policy Considerations |
| title_full | Impact of COVID-19 on Ageing and Retirement System: Key Policy Considerations |
| title_fullStr | Impact of COVID-19 on Ageing and Retirement System: Key Policy Considerations |
| title_full_unstemmed | Impact of COVID-19 on Ageing and Retirement System: Key Policy Considerations |
| title_short | Impact of COVID-19 on Ageing and Retirement System: Key Policy Considerations |
| title_sort | impact of covid 19 on ageing and retirement system key policy considerations |
| topic | covid-19 глобальная пандемия старение риск смертности пенсионная система социальная защита социальное страхование пост covid-19 |
| url | https://esp.ieconom.kz/jour/article/view/332 |
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