THE EVOLUTION OF THE NUMBER OF PENSIONERS IN ROMANIA

Authors

• Brînduşa Mihaela RADU — Athenaeum University, Bucharest, Romania

Abstract

Pension systems are going through a crisis in the world. Many of the countries of the European Union, but not only, have impressive costs - generally over 8-10% of GDP, just to keep on the waterline a component of the social insurance system, respectively, that of granting the necessary income after the exit from the labor market. However, the situation is much more difficult, more complex, especially in perspective. Given the “particularities of the inherited pension system” and the factors that inevitably affect the century we are going through (population aging, reduction of the active population, macroeconomic problems mainly of the countries in transition, etc.) the budget necessary to ensure the payment of pensions as a share of GDP is anticipates that it will double over 40-50 years. Most countries have already started pension reform processes or at least plan for such changes / for the coming periods. Although the problems are apparently the same, the directions of change, though sometimes convergent, are different. 10 years ago, the main path of reform discussed and implemented was generally the parametric one (changing the retirement ages, the replacement rates, etc.) Zamfir (1999). The present paper has tried to review the main aspects related to the evolution of the number of pensioners in Romania since 1990.

Keywords: number of pensioners, pensioners by category, development regions

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Cite this article

APA: Brînduşa Mihaela RADU (2019). THE EVOLUTION OF THE NUMBER OF PENSIONERS IN ROMANIA. Internal Auditing & Risk Management, Vol. 54, No. 54, pp. 9-17.

BibTeX:

@article{brnduamihaelaradu2019149,
  title = {THE EVOLUTION OF THE NUMBER OF PENSIONERS IN ROMANIA},
  author = {Brînduşa Mihaela RADU},
  journal = {Internal Auditing & Risk Management},
  year = {2019},
  volume = {54},
  pages = {9----17},
  doi = {}
}

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