Theoretical and Applied Economics
No. 2 / 2013 (579)
The effect of the Romanian pension market concentration on the magnitude of pension revenues
Bucharest University of Economic Studies
Irina Daniela CIŞMAŞU
Bucharest University of Economic Studies
Maria Iuliana SANDU
Bucharest University of Economic Studies
Abstract. Pension valuation allows for the estimation of the pension revenue that employees are entitled to receive after retirement. The high level of concentration on the Romanian pension market affects the pension revenue employees are entitled to receive after retirement in that, on a long run, 20 – 30 years, the higher pension revenue is provided by the bigger pension funds (with a market share over 30%). This study explores the effect of pension market concentration on the magnitude of the pension revenue by employing an agent based simulation technique.
Contents
Has accession to the EU affected business cycles?
The effect of the Romanian pension market concentration on the magnitude of pension revenues
Interest rate channel in Romania: assessing the effectiveness transmission of monetary policy impulses to inflation and economic growth
Romania's road to Euro zone. From structural balance to structural balance corrected for absorption
ARDL investment model of Tunisia
A review of the economic crisis: solutions and failures in the European Union
Macroprudential policy and financial stability
Public policies targeting labour market rigidities
National policy measures. Right approach to foreign direct investment flows
Influence of the prudential supervision over the capitalization of the Romanian insurance market
Social inequalities and poverty in current Romania
Conceptual aspects regarding balneotherapy tourism marketing in Romania
East-European stock exchanges in the context of financial crisis