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The Impact Of The Economic And Financial Crisis On Pension Systems In The European Union

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  • Daniel Nicolae Militaru

    (Faculty of Economics and Business Administration, University of Craiova, Craiova, Romania)

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    Abstract

    This article aims to highlight the impact of the financial crisis on national pension systems in the European Union and to identify the necessary measures for the reform of pension systems in order to ensure their financial sustainability on long term. The financial crisis has affected all pension systems worldwide and the ongoing global recession is affecting the anti-crisis measures taken by governments to limit the negative effects of the impact of this crisis on the national pension systems. Having to face these two events which follow each other rapidly, most of the world's governments react erratically and in different ways.

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    File URL: http://feaa.ucv.ro/RTE/017-03.pdf
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    Bibliographic Info

    Article provided by University of Craiova, Faculty of Economics and Business Administration in its journal Revista Tinerior Economisti(The Young Economists Journal).

    Volume (Year): 1 (2011)
    Issue (Month): 17 (November)
    Pages: 20-23

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    Handle: RePEc:aio:rteyej:v:1:y:2011:i:17:p:20-23

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    Related research

    Keywords: economic and financial crisis; pension system reform; pension costs; anti-crisis policies;

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    1. Xavier Chojnicki & Riccardo Magnani, 2008. "Vieillissement, retraites et ouverture financiere en Europe : des reformes encore insuffisantes," Economie Internationale, CEPII research center, issue 113, pages 65-93.
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