Theoretical and Applied Economics
No. 2 / 2014 (591)
The implications of the economic crisis on public old age pension spending in European countries
Bucharest University of Economic Studies
Ileana GURAN TEODORESCU
Bucharest University of Economic Studies
Abstract. The financial and economic crisis has come on top of an existing demographic crisis that is straining the public pension schemes throughout Europe. As the population is aging, projections of future pensions show that they will not reach target replacement income. The demographic and economic crises have forced regulators in Europe to speed up the long-needed pension system reforms, but also to take some immediate steps to help them cope with the immediate effects of the crisis. The main objective of this paper is to analyze the impact of the financial and economic crisis on public old age pension spending.
Contents
Sovereign wealth funds, catalyzers for global financial markets
Manipulative marketing: persuasion and manipulation of the consumer through advertising
Global financial crisis-driven mutations affecting the transmission mechanism customized to monetary policy strategies. A VAR, SVAR and BVAR approach
Examining Public Private Partnerships in ASEAN countries: the role of investment climate
The financial auditor’s credibility in postcrisis economic policies
The implications of the economic crisis on public old age pension spending in European countries
Fiscal consolidation through fiscal rules?
The effects of bureaucracy over the business environment from Romania