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Study Regarding The Effects Of Demographic Transition On Labor Market And Public Pension System In Central And Eastern Europe

Author

Listed:
  • BALTEȘ Nicolae

    (Lucian Blaga University of Sibiu, Romania)

  • JIMON Ștefania Amalia

    (Lucian Blaga University of Sibiu, Vasile Goldiș Western University of Arad Romania)

Abstract

Population and the quality of labor force are the “strengths” features’ that ensure socio-economic development of a country. The last decades can be characterized as a transitional period, in which countries of European Union and especially the countries of Central and Eastern Europe are facing a demographic decline. Reduced birth rate, ageing and migration are factors’ which create a lot of pressure, both on labor market and public pension systems, items correlated with the population structure. In this paper we have presented the demographic situation and the size of migration in five countries of Central and Eastern Europe. The direct linkage between population structure, labor market and public pension systems represents, in transitional context, a threat to budget sustainability, especially in Romania. We consider that the reformation has to be adjusted with the new socio-economic conditions, finding new solutions for increasing birth rate, decreasing the “exodus” of young population and stimulating economic activities.

Suggested Citation

  • BALTEȘ Nicolae & JIMON Ștefania Amalia, 2020. "Study Regarding The Effects Of Demographic Transition On Labor Market And Public Pension System In Central And Eastern Europe," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 15(1), pages 158-170, April.
    • Handle: RePEc:blg:journl:v:15:y:2020:i:1:p:158-170
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    File URL: http://eccsf.ulbsibiu.ro/RePEc/blg/journl/15113baltes.pdf
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    References listed on IDEAS

    as
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    2. Littlewood, Michael, 2014. "Ageing populations, retirement incomes and public policy: what really matters," MPRA Paper 56232, University Library of Munich, Germany.
    3. Robert Holzmann & Johannes Koettl, 2015. "Portability of Pension, Health, and Other Social Benefits: Facts, Concepts, and Issues," CESifo Economic Studies, CESifo, vol. 61(2), pages 377-415.
    4. Filip Chybalski & Edyta Marcinkiewicz, 2016. "The Replacement Rate: An Imperfect Indicator of Pension Adequacy in Cross-Country Analyses," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 126(1), pages 99-117, March.
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