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Pension System In Reducing Poverty Risk In Romania

Author

Listed:
  • 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.

Suggested Citation

  • BALTES Nicolae & JIMON Stefania Amalia, 2018. "Pension System In Reducing Poverty Risk In Romania," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 70(1), pages 114-127, August.
    • Handle: RePEc:blg:reveco:v:70:y:2018:i:1:p:114-127
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    File URL: http://economice.ulbsibiu.ro/revista.economica/archive/70109baltes&jimon.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    globalization; ageing; people; pension fund's sustainability.;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

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