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The Pension – a Substitution Income?


  • Ciuraru-Andrica Cristina

    () („Vasile Alecsandri” University of Bacau)


The deficient state of the public pension system in Romania nowadays is the result of a combination between a more or less distant “yesterday” which was spotted by abuses and maybe injustice, which has been hotly debated and the present crisis. Anyway, time cannot be turned around so as to avoid them, and even if this miracle could be performed, it seems almost certain that the same mistakes will be made again. Daily life proves this to us. As a consequence, we can only find pertinent solutions to eradicate or amend these mistakes, and institute a sort of “Salvation Arc” for the Public Pension System. Nevertheless, in this paper we do not aim at such a grand project; on the other hand, we will focus on the “substance” of the most controversial income nowadays: the pension.

Suggested Citation

  • Ciuraru-Andrica Cristina, 2011. "The Pension – a Substitution Income?," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 218-221, May.
  • Handle: RePEc:ovi:oviste:v:xi:y:2011:i:9:p:218-221

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    pension; equity; replacement average ratio;

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions


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