PENSION SYSTEM IN REDUCING POVERTY RISK IN ROMANIA

BALTES Nicolae , Lucian Blaga University of Sibiu

JIMON Stefania Amalia , Vasile Goldis Western University of Arad

Abstract:
Pension systems, regardless of form and organisation, have the main purpose to reduce poverty. Due to demographic changes, which put a high pressure on social insurance budgets, the regulation of the last decade have targeted in maintaining the sustainability of pension systems. In this context, we are wondering to what degree the main objective of these is fulfilled. In this paper, we made a quantitative and qualitative analysis as comprehensible as possible about the public pension system of Romania and the risk of poverty in the case of persons over 65 years old. The main conclusion that outcomes this study highlights that the pension system have an essential role in poverty reduction, but there are high differences between genders, situation which need improving legislation regarding women protection.

Keywords: globalization, ageing, people, pension fund’s sustainability.

JEL Classification: H55, I32

Volume: 70, Issue: 1

Pages: 114 - 127

Publication date: August, 2018

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/70109baltes&jimon.pdf

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