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The Impact of Demographic Evolutions on the Pension System in Romania

Author

Listed:
  • Mocanu Florina

    (Valahia University of Târgoviște, Romania)

  • Istudor Ileana Iulia

    (Valahia University of Târgoviște, Romania)

  • Drăgoi Elena-Violeta

    (Valahia University of Târgoviște, Romania)

  • Preda Larisa Elena

    (Valahia University of Târgoviște, Romania)

Abstract

The present research aims to conduct an in-depth analysis of the degradation of Romania’s demographic situation, with a particular focus on the implications of the aging trend. The study aims to investigate how this demographic shift may lead, in the absence of reformation measures, to elevated levels of poverty, social exclusion, and dependency among the elderly population. The contributing factors to this phenomenon include migration patterns, negative natural population growth, and the increasing life expectancy of the population. These factors collectively result in a growing imbalance between the elderly and working-age populations. The repercussions of this demographic shift include heightened pension costs, increased public debt, exacerbated social inequalities, and a potential hinderance to economic growth.

Suggested Citation

  • Mocanu Florina & Istudor Ileana Iulia & Drăgoi Elena-Violeta & Preda Larisa Elena, 2024. "The Impact of Demographic Evolutions on the Pension System in Romania," Valahian Journal of Economic Studies, Sciendo, vol. 15(1), pages 95-104.
    • Handle: RePEc:vrs:vaecst:v:15:y:2024:i:1:p:95-104:n:1008
    DOI: 10.2478/vjes-2024-0008
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    More about this item

    Keywords

    demographic changes; pension system; pension adequacy; sustainability;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts

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