Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where...

In this paper we analyze how important it is to outsource some activities of human resource management, the advantages and disadvantages. We will also study the stage of Romanian companies outsourcing.

Stress testing is a useful and increasingly popular, yet sometimes misunderstood, method of analyzing the resilience of financial systems to adverse events. This paper aims to help demystify stress tests and illustrate their strengths and weaknesses. Using an Excel-based template with...

With the formulation of requirements by the International Monetary Fund and the European Union to flexibilize employment and dismissal procedures in Romania, the wage law has undergone major changes. The continuous wage reform in our country is imposed, among other things, as the effect of...

In all conditions of time and space, economic activity involving work objectively factor designed to exploit natural resources and monetary system in its interest. According to Adam Smith, the work is a primary factor, the original production was considered by him as the sole source of national...

Even though institutions are created to protect workers, they may interfere with labor market functioning, raise unemployment, and end up being circumvented by informal contracts. This paper uses Brazilian microeconomic data to show that the institutional changes introduced by the 1988...

A major element of the persistent fiscal imbalances in Guinea-Bissau is the relatively low level of revenue compared with other sub-Saharan African (SSA) countries. Fiscal revenues, including grants, trended downward significantly in Guinea-Bissau from 1991 through 2005, especially during the...