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Retirement Fund System Reform in Albania: Issues and Challenges

Author

Listed:
  • Landi Gushi
  • Frederik Cucllari
  • Mirela Cini

Abstract

The process of developing the social insurance system in Albania corresponds to its transformation from a centrally planned to free market economy. In the center of the social insurance system is the retirement fund scheme. How successful is the Albanian pension system to fulfill its functions? This paper through a descriptive analysis of the current pension system in Albania identifies issues and challenges for the development of a sustainable pension system in the context of socio-economic development of the country. The paper presents the suggestions to improve the pension situation in Albania.

Suggested Citation

  • Landi Gushi & Frederik Cucllari & Mirela Cini, 2014. "Retirement Fund System Reform in Albania: Issues and Challenges," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 6(1), pages 34-38, March.
    • Handle: RePEc:khe:journl:v:6:y:2014:i:1:p:34-38
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    References listed on IDEAS

    as
    1. Nicholas Barr & Peter Diamond, 2006. "The Economics of Pensions," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 22(1), pages 15-39, Spring.
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    3. AfDB AfDB, . "Annual Report 2012," Annual Report, African Development Bank, number 461.
    4. -, 2006. "Shaping the future of social protection: access, financing and solidarity," Documentos de posición del período de sesiones de la Comisión 2807, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Reform; pension system; contributors; beneficiaries;
    All these keywords.

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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