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Development of Privately Managed Pension Funds in the Context of Pension Reform

Author

Listed:
  • Liliana Ivănuş

    (University of Petroşani, Romania)

  • Claudia Isac

    (University of Petroşani, Romania)

  • Ilie Răscolean

    (University of Petroşani, Romania)

Abstract

The development of privately managed funded pension provision reflects some trends in societies, like for instance richer societies which might favour more responsibility and choice for individuals, or the expectation that diversifying risks through funded pension might achieve higher returns than GDP growth, while it also means inevitably higher risks. With the development of privately managed funded pensions, the question of the sharing and regulation of risks becomes relevant due to the fact that such schemes may also be expected to provide pension adequacy for lower income groups.

Suggested Citation

  • Liliana Ivănuş & Claudia Isac & Ilie Răscolean, 2009. "Development of Privately Managed Pension Funds in the Context of Pension Reform," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 9(2), pages 67-72.
    • Handle: RePEc:pet:annals:v:9:i:2:y:2009:p:67-72
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    Cited by:

    1. Podoaba Lucia & Oprean Delia, 2013. "An Empirical Study Of Economic Alternatives For The Elderly In Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 47-55, April.

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