DOES THE PRIVATE PENSION MARKET REPRESENT A SOLUTION FOR "OLD" ROMANIA?

Oana Maria Sicoe-Murg

Abstract


"Old Europe" will in a few decades cease to be old only in the syntagm defining the conservatory spirit of the continent. Europe will really grow old not only because of its millennial history, but also by the effective age of its inhabitant. The capacity of the public pension systems to ensure an adequate rate of replacement of the income was eroded during the last decades by the continuous aging of its population. Likewise, during the last decade the public pension budgets have been affected by the financial crisis and the prolonged economic depression that followed.

Keywords


pension funds; private pensions; pension system; public system

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LUCRĂRI ȘTIINȚIFICE MANAGEMENT AGRICOL

ISSN print 1453-1410
ISSN online 2069-2307
(former ISSN 1453-1410, E-ISSN 2069-2307)

PUBLISHER: AGROPRINT Timisoara, Romania
PAPER ACCESS: Full text articles available for free
FREQUENCY: Annual
PUBLICATION LANGUAGE: English

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