FINANCIAL CRISIS AND THE PENSION SYSTEM
Currently, public pension systems PAY-AS-YOU-GO (PAYG) from more countries in the world based solely on solidarity between generations are facing increasingly difficult problems to solve. Causes due to evolution. And demographic trends of aging while reducing the birth rate, increasing the average lifetime, inflation, growing costs in the period following the early post active retirement. Last but not least, reducing the dependency ratio, meaning the decrease number of taxpayers while increasing number of retirees.
Year of publication: |
2010
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Authors: | D, Assoc. Prof. Narcis Mitu Ph. ; Student, Daniela Pîrvu Ph. D |
Published in: |
Annals of University of Craiova - Economic Sciences Series. - Facultatea de Economie şi Administrarea Afacerilor, ISSN 1223-365X. - Vol. 2.2010, 38, p. 6-6
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Publisher: |
Facultatea de Economie şi Administrarea Afacerilor |
Subject: | financial crisis | pension crisis | pension systems | pension system reform | demographic evolution |
Saved in:
freely available
Extent: | application/pdf |
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Type of publication: | Article |
Language: | English |
Classification: | E60 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook. General ; H55 - Social Security and Public Pensions ; I38 - Government Policy; Provision and Effects of Welfare Programs |
Source: |
Persistent link: https://www.econbiz.de/10009143891
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