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Is Romania Ready For The Introducing The Pension System Reform? Comparative Results With The European Countries

Author

Listed:
  • Dracea Raluca
  • Cristea Mirela

    (University of Craiova Faculty of Economy and Business Administration Craiova, Romania)

Abstract

In the last six years, Romanian pension system was confronted with many legislative projects regarding the implementation of private pension. At this moment, we can say that the background for implementation the private pension is quite established. Romania should approach the matter of globalization taking into account the financial oscillation, where the retirement funds system has an important role, as a part of it. In addition, considering the high ratio between the number of pensioners and that of active persons, respectively 4.5 million of pensioners to 6 million of employees, the need for a process of restoration of the pension system in Romania, at the same time with the creation of a specific culture for the large audience, is obvious.

Suggested Citation

  • Dracea Raluca & Cristea Mirela, 2007. "Is Romania Ready For The Introducing The Pension System Reform? Comparative Results With The European Countries," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(7), pages 17-26, April.
    • Handle: RePEc:aio:rteyej:v:1:y:2007:i:7:p:17-26
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    More about this item

    Keywords

    pension reform; structure of pension system; the public system; the private pension; results and comparison;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts

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