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Is Romania Ready For The Introducing The Pension System Reform? Comparative Results With The European Countries


  • Dracea Raluca
  • Cristea Mirela

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


In the last six years, Romanian pension system was confronted with many legislative projects regarding the implementation of private pension. At this moment, we can say that the background for implementation the private pension is quite established. Romania should approach the matter of globalization taking into account the financial oscillation, where the retirement funds system has an important role, as a part of it. In addition, considering the high ratio between the number of pensioners and that of active persons, respectively 4.5 million of pensioners to 6 million of employees, the need for a process of restoration of the pension system in Romania, at the same time with the creation of a specific culture for the large audience, is obvious.

Suggested Citation

  • Dracea Raluca & Cristea Mirela, 2007. "Is Romania Ready For The Introducing The Pension System Reform? Comparative Results With The European Countries," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(7), pages 17-26, April.
  • Handle: RePEc:aio:rteyej:v:1:y:2007:i:7:p:17-26

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    References listed on IDEAS

    1. Christian Bauer & Bernhard Herz, 2005. "How Credible Are the Exchange Rate Regimes of the New EU Countries? : Empirical Evidence from Market Sentiment," Eastern European Economics, Taylor & Francis Journals, vol. 43(3), pages 55-77, May.
    2. M. Nowak & Ketil Hviding & Luca A Ricci, 2004. "Can Higher Reserves Help Reduce Exchange Rate Volatility?," IMF Working Papers 04/189, International Monetary Fund.
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    More about this item


    pension reform; structure of pension system; the public system; the private pension; results and comparison;

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts


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