IDEAS home Printed from https://ideas.repec.org/a/aio/aucsse/v1y2016i44p186-197.html
   My bibliography  Save this article

Developments In The Market Of Mandatory Private Pension Funds In Romania

Author

Listed:
  • Gheorghe Matei

    (University of Craiova Faculty of Economics and Business Administration)

  • Constantin Durac

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

Starting from 2008, Romania has a pension system that is based on three pillars: redistributive type pension scheme (Pay As You Go) - Pillar I, mandatory private pension funds - Pillar II and facultative pensions - Pillar III. This system is inspired by a model tested in dozens of countries and recommended by the World Bank. Since we are dealing with a system that hasn’t reached the maturity, found in the accumulation phase and for which the outputs are not significant, it is interesting to analyze the indicators and observed the trends. Even if each pillar plays an important role, I'll give importance only to the mandatory private pension funds in this paper

Suggested Citation

  • Gheorghe Matei & Constantin Durac, 2016. "Developments In The Market Of Mandatory Private Pension Funds In Romania," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(44), pages 186-197.
    • Handle: RePEc:aio:aucsse:v:1:y:2016:i:44:p:186-197
    as

    Download full text from publisher

    File URL: http://feaa.ucv.ro/AUCSSE/0044v1-018.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Fiona Stewart, 2010. "Pension Funds' Risk-Management Framework: Regulation and Supervisory Oversight," OECD Working Papers on Insurance and Private Pensions 40, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      More about this item

      Keywords

      pension; funds; mandatory; private; financial; investors;
      All these keywords.

      JEL classification:

      • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
      • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

      Statistics

      Access and download statistics

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aio:aucsse:v:1:y:2016:i:44:p:186-197. See general information about how to correct material in RePEc.

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anca Bandoi (email available below). General contact details of provider: https://edirc.repec.org/data/fecraro.html .

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.