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Social Inequalities and the Reform of Romanian Public Pension System by Law no. 127/2019

Author

Listed:
  • Nicolae BalteÈ™

    („Lucian Blaga†University of Sibiu)

  • Ștefania Amalia Jimon

    („Lucian Blaga†University of Sibiu)

Abstract

Social protection system had developed in order to ensure the protection of the citizens, but also to maintain the economic growth of the country. The importance of the pension system is given by its social purpose, which is poverty alleviation, adequacy of income and consumption smoothing at retirement. In countries of Central and Eastern Europe, the income inequalities – main cause of poverty, had increased with the economic development. The aim of this paper is to show the changes brought to Romanian public pension system by the Law no. 127/2019 regarding the provided benefits vis-à -vis of social inequalities existing among elderly people.

Suggested Citation

  • Nicolae BalteÈ™ & Ștefania Amalia Jimon, 2019. "Social Inequalities and the Reform of Romanian Public Pension System by Law no. 127/2019," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 219-226, December.
    • Handle: RePEc:ovi:oviste:v:xix:y:2019:i:2:p:219-226
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    References listed on IDEAS

    as
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    3. Littlewood, Michael, 2014. "Ageing populations, retirement incomes and public policy: what really matters," MPRA Paper 56232, University Library of Munich, Germany.
    4. Perotti, Enrico & Schwienbacher, Armin, 2009. "The political origin of pension funding," Journal of Financial Intermediation, Elsevier, vol. 18(3), pages 384-404, July.
    5. Aggarwal, Raj & Goodell, John W., 2013. "Political-economy of pension plans: Impact of institutions, gender, and culture," Journal of Banking & Finance, Elsevier, vol. 37(6), pages 1860-1879.
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    More about this item

    Keywords

    pension system reform; public pension system; social inequalities; pension benefits;
    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
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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