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Romanian Pension Systems And Labor Supply Of Older Workers

Author

Listed:
  • Cristina CIURARU-ANDRICA

    (Faculty of Economic Sciences, "Vasile Alecsandri" University of Bacau, Romania; Doctoral School of Economics and Business Administration, "Alexandru Ioan Cuza" University of Iasi, Romania)

Abstract

Prolonging working lives, in the context of an ageing population, has been seen as a good way to improve, on the one hand, the financial sustainability of the public pension system and, on the other hand, the adequacy of the pension benefit. As the literature has shown, even when measures for extending working lives have been taken, the characteristics of the national pension system (especially those of public pension system) deliberately or inherently affected the labor market exit of older workers. Thus, through an econometric analysis, we estimate the relationship between the participation rate of Romanian older workers and certain characteristics of the Romanian pension systems (but not only), hoping to complement a more general literature on the effects of pension systems on retirement decision.

Suggested Citation

  • Cristina CIURARU-ANDRICA, 2013. "Romanian Pension Systems And Labor Supply Of Older Workers," Management Intercultural, Romanian Foundation for Business Intelligence, Editorial Department, issue 29, pages 79-109, October.
    • Handle: RePEc:cmj:interc:y:2013:i:29:ciuraru
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    More about this item

    Keywords

    Participation rate; Older workers; Pension systems;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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