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Financial Performance of Mandatory Private Pension Funds in Countries of Central and Eastern Europe. A Comparative Study Between Romania and Slovakia

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Listed:
  • Nicolae BalteÈ™

    („Lucian Blaga†University of Sibiu)

  • Ștefania Amalia Jimon

    („Lucian Blaga†University of Sibiu)

Abstract

Decreased birth rate and aging population represent a treat to PAYG public pension systems implemented in countries of Central and Eastern Europe, due to the fact that the financing is direct dependent of the social contributions payed by the taxpayers active on labor market. As solution, World Bank promotes the diversification of funding sources for pension systems and a multi-pillar structure that includes privately managed pension funds. The purpose of this paper is to present how the multi-pillar structure was implemented in Romania and Slovakia, focusing on the evolution and performance of mandatory private pension funds. The main conclusion of this article highlights that in the current demographic context, privately managed pension funds can be a mean of providing the necessary resources to the elderly population during retirement.

Suggested Citation

  • Nicolae BalteÈ™ & Ștefania Amalia Jimon, 2020. "Financial Performance of Mandatory Private Pension Funds in Countries of Central and Eastern Europe. A Comparative Study Between Romania and Slovakia," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 829-837, August.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:1:p:829-837
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    References listed on IDEAS

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    1. Florin Turcaş & Florin Dumiter & Alexandra Braica & Petre Brezeanu & Anca Opreţ, 2016. "Using Technical Analysis for Portfolio Selection and Post-Investment Analysis," ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, Faculty of Economic Cybernetics, Statistics and Informatics, vol. 50(1), pages 197-214.
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      More about this item

      Keywords

      privately managed pension funds; reform of pension systems; Central and Eastern Europe;
      All these keywords.

      JEL classification:

      • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
      • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

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