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Factors Influencing The Deficit Of Social Security Systems

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Author Info

  • Sorin BELEA

    (Timis Regional Directorate of Statistics)

  • Ciprian PANZARU

    (West University of Timisoara)

Abstract

This paper analyses a number of factors that affect the deficit of social security funds. For the statistical analysis, we used a data panel covering ten countries in Central and Eastern Europe. The variables analysed were: migration, unemployment and dependency ratio of the elderly. All states analysed are characterised by a similar pattern in terms of social security systems’ configuration. The pension system, as basic component of the social security system, is of the PAYG type, being vulnerable to demographic changes. Also, all these countries have experienced the transition from socialist to the capitalist system, facing socio-economic and demographic problems such as unemployment, migration or population aging. The results show that all these factors influence the volume of the deficit of social security funds.

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File URL: http://www.revistadestatistica.ro/Articole/2012/RRS10_2012_a3_en.pdf
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Bibliographic Info

Article provided by Romanian Statistical Review in its journal Romanian Statistical Review.

Volume (Year): 60 (2012)
Issue (Month): 10 (October)
Pages: 35-56

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Handle: RePEc:rsr:journl:v:60:y:2012:i:10:p:35-56

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Related research

Keywords: social security; migration; unemployment; demographic aging; time series analysis; panel type data analysis;

References

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  1. John T. Addison & Paulino Teixeira, 2003. "The Economics of Employment Protection," Journal of Labor Research, Transaction Publishers, vol. 24(1), pages 85-129, January.
  2. Juan F. Jimeno & Juan A. Rojas & Sergio Puente, 2006. "Modeling the impact of aging on social security expenditures," Banco de Espa�a Occasional Papers 0601, Banco de Espa�a.
  3. Galasso, Vincenzo & Profeta, Paola, 2002. "The political economy of social security: a survey," European Journal of Political Economy, Elsevier, vol. 18(1), pages 1-29, March.
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