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Considerations Regarding the Pension Systems in Countries of Central and Eastern Europe

Author

Listed:
  • BalteÈ™ Nicolae

    („Lucian Blaga†University of Sibiu)

  • Jimon Ștefania Amalia

    („Lucian Blaga†University of Sibiu)

Abstract

The purpose of the pension systems consists in compensation of the damages arisen following the occurrence of some risks which restrict the working capacity and generate financial instability. The political reorganization of Central and Eastern European Countries, as also the accession to European Union required also the reorganization of the pension systems in these states. Regarding this aim, the main regulations implemented had targeted the consolidation and the reduction of the pressure in the public pension systems to maintain the financial sustainability of these. This paper is proposing a comparative highlight of the main characteristics of the national pension systems in states from Central and Eastern Europe. The main conclusion resulted from this study is that the efficiency and the effectiveness of a national pension system are generated by the level of adequacy of it at the conditions existing into the respective country.

Suggested Citation

  • BalteÈ™ Nicolae & Jimon Ștefania Amalia, 2018. "Considerations Regarding the Pension Systems in Countries of Central and Eastern Europe," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 94-99, December.
  • Handle: RePEc:ovi:oviste:v:xviii:y:2018:i:2:p:94-99
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    References listed on IDEAS

    as
    1. Cipriani, Giam Pietro, 2018. "Aging, Retirement, And Pay-As-You-Go Pensions," Macroeconomic Dynamics, Cambridge University Press, vol. 22(5), pages 1173-1183, July.
    2. Pandurics, Anett & Szalai, Péter, 2017. "The Role of the Second and Third Pension Pillar in the Hungarian Pension System," Public Finance Quarterly, Corvinus University of Budapest, vol. 62(2), pages 212-231.
    3. Marek Louzek, 2008. "Pension system reform in Central and Eastern Europe," Post-Communist Economies, Taylor & Francis Journals, vol. 20(1), pages 119-131.
    4. Helmut Wagner, 2005. "Pension Reform in the New EU Member States: Will a Three-Pillar Pension System Work?," Eastern European Economics, Taylor & Francis Journals, vol. 43(4), pages 27-51, August.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    PAYG pension systems; sustainability; adequacy; demographic transition;
    All these keywords.

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy

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