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Socio-Demographic Factors Of Transition From Labour Activity To Pension In The Republic Of Moldova

Author

Listed:
  • Galina SAVELIEVA

    (Center for Demographic Research, National Institute for Economic Research, Republic of Moldova)

  • Svetlana ZAHAROV

    (Center for Demographic Research, National Institute for Economic Research, Republic of Moldova)

Abstract

The purpose of research is to analyse the impact of socio-demographic factors on the transition from labour activity to pension in the Republic of Moldova. Demographic factors, including migration, population decline and ageing, have led to the deformation of age structure of population in the direction of elder age groups. The growth in the number of pensioners with a reduction in employed population have conditioned to financial instability of the Social Insurance Budget and disruption of terms payment of pensions and benefits. The analysis of the importance of social factors of stopping of labour activities at retirement the comparative assessment of wages reflects as the basis for pension accrual, average monthly disposable income and amount age pension, as well as indicators of living standards of elderly population (poverty rate). The analysis of the factors takes into account the forced stopping a work and retirement when reaching the established age limit due to the existence of age discrimination in the labour legislation. Taking into account the relevance of the problem, proposals for increasing the effectiveness of state policies to regulate the transition from labour market to pension, including the possibilities of continuing labour activity, were elaborated. The article was elaborated within the framework the Scientific Project “Migration, Demographic Changes and Policies of Stabilization the Situation”, registered in the State Register of projects in the field of science and innovation of the Republic of Moldova with the code 20.80009.0807.21 of the State Program (2020-2023).

Suggested Citation

  • Galina SAVELIEVA & Svetlana ZAHAROV, 2023. "Socio-Demographic Factors Of Transition From Labour Activity To Pension In The Republic Of Moldova," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 8(1), pages 53-72.
    • Handle: RePEc:brc:brccej:v:8:y:2023:i:1:p:53-72
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy

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