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Methods for the Correlation and Valuation of Benefits in the Social Security System

Author

Listed:
  • Virginia CUCU

    (“Artifex” University of Bucharest)

  • Florin Paul Costel LILEA

    (“Artifex” University of Bucharest)

  • Oleg CARA

    (National Institute for Statistics of Moldavia)

  • Valentin BICHIR

    (Academy of Economic Studies, Bucharest)

Abstract

The universal pensions schema has mandatory character and is guaranteed by the state. State is an administrator of the socialsecurity systems and sometimes as finance provider. In case of financial dis-equilibrium situations of the social insurance balance, the state grants loans to finance the deficit. As social security is a fundamental right of man, state has the responsibility to correlate benefits and ensure an adequate level of pensions. The correlation of benefits is in the first row linked to the insurable incomes. From the study of social security system it can be outlined that at global level, more methods were shaped to correlate benefits depending on the correlation of benefits with certain factors. Benefits inside the universal social security program are distributed through specific methods at the level of each country, that adops a certain calculation formula.

Suggested Citation

  • Virginia CUCU & Florin Paul Costel LILEA & Oleg CARA & Valentin BICHIR, 2012. "Methods for the Correlation and Valuation of Benefits in the Social Security System," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 60(4), pages 336-341, November.
  • Handle: RePEc:rsr:supplm:v:60:y:2012:i:4:p:336-341
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    More about this item

    Keywords

    pension; social insurance; benefits; indicators; correlation method;

    JEL classification:

    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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