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The Impact of Pensions for Insurance Experience and Age on the Social Insurance System

Author

Listed:
  • Vladimir Valkov

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

The period under review started in 2010, when the discussion of significant para¬metric changes in the pension system in Bulgaria began in order to improve it, resulting from the changed rates of economic growth, employment/unemployment, income, infla¬tion, parameters and trends of demographic processes and their impact on the social insurance system and ends in 2018, with the inclusion of the latest changes in pension legislation and the available statistics on an annual basis. The article aims to show how the changes in recent years concerning the access to a pension for insurance experience and age and the determination of its amount have affected the number, amount and costs of pensions for insurance experience and age for the period 2010 - 2018.

Suggested Citation

  • Vladimir Valkov, 2020. "The Impact of Pensions for Insurance Experience and Age on the Social Insurance System," Godishnik na UNSS, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 243–254-2, December.
    • Handle: RePEc:nwe:godish:y:2020:i:2:p:243-254
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    File URL: http://unwe-yearbook.org/en/journalissues/article/10345
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    More about this item

    Keywords

    social insurance; pension; economic growth; social insurance income; insurance experience and age;
    All these keywords.

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G52 - Financial Economics - - Household Finance - - - Insurance

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