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Empirical Study Regarding Sustainability Of Romanian Pension System

Author

Listed:
  • Oprean Delia

    (Universitatea Bogdan Voda, 0)

  • Podoaba Lucia

    (Universitatea Babes Bolyai, 0)

Abstract

This paper is part of a broad, applied scientific research, based on popular empirical procedures (such as natural observation). Positivistic and constructive research methodology used was based on the consensual-inductive system (Locke), which is why we studied the different views of specialists on sustainability of pensions in Romania, necessary to formulate the problem of generating relevant information. Research strategies used were the comparative and longitudinal ones, as we analyzed the time evolution of qualitative indicators VUAN (unitary value of net asset) specific to pension funds Pillar II and Pillar III of Romania, concomitant with the number of participants in these funds, as to determine their direct relationship with the need for sustainability in this area. The hypotheses regarding causal relationship efficiency â€" participants - sustainability and needed measures for pension reform were built in this paper inductively (by analyzing the sustainability issues of pensions in time), causally (by explaining the cause and effect phenomenon studied), deductively, logically and subjectively (due to the existence and perpetuation of conflict premise between generations and social inequality between employees and pensioners). The qualitative approach of the phenomenon studied by collecting information (using mediated data collection technique) has allowed the relevant findings and practical solutions necessary for all those involved in this concerted action of pensions, which affects us all.

Suggested Citation

  • Oprean Delia & Podoaba Lucia, 2013. "Empirical Study Regarding Sustainability Of Romanian Pension System," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 919-930, July.
    • Handle: RePEc:ora:journl:v:1:y:2013:i:1:p:919-930
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    File URL: http://anale.steconomiceuoradea.ro/volume/2013/n1/097.pdf
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    References listed on IDEAS

    as
    1. Muriel Bouchet, 2003. "The sustainability of the private sector pension system from a long-term perspective: the case of Luxembourg," BCL working papers 6, Central Bank of Luxembourg.
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    More about this item

    Keywords

    sustainability; public pensions; private pensions; SWOT (analysis); reform; VUAN (indicator);
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • P41 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Planning, Coordination, and Reform
    • P47 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Performance and Prospects

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