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The Implications of Demographic Pressure on the Occupancy Rate on the Labor Market and of the Pension System

Author

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  • Oana Claudia Ionescu

    (Assistant Ph.D., Titu Maiorescu University Bucharest, Romania)

Abstract

Social welfare for the elderly is increasingly a challenge to European countries, a situation that is mainly due to demographic changes of recent years and the many difficulties encountered by the current pension systems. The EU's population faces an intense aging process, due to considerable progress of the society and resulted in a substantially reduced mortality and a higher life expectancy. Romania also faces a similar situation, especially as the first wave of the so-called "baby boom" generation is already close to retirement. This makes the "dependency rate", which expresses the ratio between the working populations, young and elderly people follow the growth trend of the recent years, especially since the birth rate declines increasingly more.

Suggested Citation

  • Oana Claudia Ionescu, 2015. "The Implications of Demographic Pressure on the Occupancy Rate on the Labor Market and of the Pension System," Journal of Business Economics and Information Technology, ScientificEducation.org, vol. 2(6), December.
    • Handle: RePEc:jbu:jbeitt:1430
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