FACTORS THAT POTENTIALLY AFFECT THE FINANCIAL SUSTAINABILITY OF THE PENSION SYSTEM IN ROMANIA

Authors

  • Luise Mladen Spiru Haret University, National Scientific Research Institute for Labour and Social Protection
  • Mihaela Ghența National Scientific Research Institute for Labour and Social Protection

DOI:

https://doi.org/10.26458/jedep.v6i2.535

Keywords:

pension systems, ageing, financial sustainability

Abstract

In Romania, the State Social Security Budget spending exceeds the revenues, and this situation leads to a growing deficit of the public budget. This evolution is the result of a complex of factors, more or less difficult to be managed, which we analyze in this article. The phenomenon of ageing has a significant role in increasing the pressure on the social protection systems, in general, and on the pension system, in particular. Also, the labour market related factors and the economic factors have an important impact on the sustainability of the pension system. The design of the pension system is equally important.

Author Biographies

Luise Mladen, Spiru Haret University, National Scientific Research Institute for Labour and Social Protection

Mladen Luise is currently an associate professor teaching at the Spiru Haret University, Faculty of Finance and Banking. In parallel she is a senior researcher at The National Scientific Research Institute for Labour and Social Protection. She first studied Chemistry and Physics at the University of Bucharest and later Finance and Banking at the Academy of Economic Studies in Bucharest. She completed her PhD in Management with the thesis entitled “The formation and functioning of the labour market in Romania” and later a post-doctoral programme with a research paper focused on the topic of “The impact of the labour market mutations on the sustainability of the pension system”.

Mihaela Ghența, National Scientific Research Institute for Labour and Social Protection

National Scientific Research Institute for Labour and Social Protection

References

A. G.Grech. Assessing the sustainability of pension reforms in Europe, 2010. Available online at http://sticerd.lse.ac.uk/dps/case/cp/CASEpaper140.pdf

B. Mattil. Pension Systems: sustainability and distributional effects in Germany and The United Kingdom, Springer Science & Business, 2006.

F.Schneider, K. Raczkowski, B.Mroz. Shadow Economy and tax evasion in the EU. Journal of Money Laundering Control, Vol. 18(1), 2015, 34-51.

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Published

2017-06-30

How to Cite

Mladen, L., & Ghența, M. (2017). FACTORS THAT POTENTIALLY AFFECT THE FINANCIAL SUSTAINABILITY OF THE PENSION SYSTEM IN ROMANIA. Journal of Economic Development, Environment and People, 6(2), 14–23. https://doi.org/10.26458/jedep.v6i2.535

Issue

Vol. 6 No. 2 (2017)

Section

Articles

License

Creative Commons License
Journal of Economic Development, Environment and People by Authors is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Based on a work at http://ojs.spiruharet.ro/index.php/jedep/issue/archive.