Theoretical and Applied Economics
No. 5 / 2014 (594)
Difficulties of the supporting pensioners by current employees – alternative to pension systems at international level. Empirical analysis in Romania
University of Craiova, Romania
Nicu MARCU
University of Craiova, Romania
Raluca DRĂCEA
University of Craiova, Romania
Abstract. 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.
Contents
Increase of company performances and shareholders’ satisfaction by using design for adaptability (DFA)
Forecasting crude oil market volatility in the context of economic slowdown in emerging markets
The sensory brand of the destination. Case study: Transylvania
Difficulties of the supporting pensioners by current employees – alternative to pension systems at international level. Empirical analysis in Romania
Single market fragmentation. The influence of the public decision system’s features upon the national decision system: A case study of the Romanian Eco-duty
Effects of macroeconomic variables on poverty in Iran (Application of bootstrap technique)
Determination of factors affecting willingness to pay for low SAR value cell phones: A case study of Turkey
Implications of the financial crisis to the relevance of Taylor rule Case study: European Union
Non-performing loans – dimension of the non-quality of bank lending/loans and their specific connections
Regional implications of salary in the European Union