Difficulties of the supporting pensioners by current employees – alternative to pension systems at international level. Empirical analysis in Romania
The current problems of the labor market, evidenced by decrease the number of contributors in relation to the number of pensioners, is manifested throughout the world and it is increasing from year to year. The origin of this imbalance is increasing the aging phenomenon that occurs at the internatio...
Main Authors: | , , |
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Format: | Article |
Language: | English |
Published: |
General Association of Economists from Romania
2014-05-01
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Series: | Theoretical and Applied Economics |
Subjects: | |
Online Access: |
http://store.ectap.ro/articole/982.pdf
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Summary: | The current problems of the labor market, evidenced by decrease the
number of contributors in relation to the number of pensioners, is manifested
throughout the world and it is increasing from year to year. The origin of this
imbalance is increasing the aging phenomenon that occurs at the international
level, correlated with declining of the birth rates. Direct effects of aging population
are a decrease in the amount of social security contributions for pension payments,
as a result of reducing the number of taxpayers, and the increase in pension
expenditure, as a result of increasing the number of beneficiaries. An alternative to
these problems of public pensions is the orientation of the population towards
private pensions, in the same time with increasing their confidence in such
solutions. This requires an effective management of private pension fund assets, by
using the adequate strategies to perform investment assets. Thus, in this paper, we
realize a statistical study about the influence of the main factors on the size of
private pension fund assets in Romania. The research methodology is to test the
influence of selected factors, as independent variables, to the net assets of the two
components of private pensions in Romania: privately managed pension funds and
facultative pension funds. At European Union level, is seeking to implement a
variety of strategies to increase the share of pensioners line to remain in the
workforce, thus extending their working life. |
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ISSN: | 1841-8678 1844-0029 |