Scientific International Approaches on Social Security Models

Vergil Voineagu, Ana Carp, Daniel Dumitrescu and Diana Valentina Soare
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Vergil Voineagu: Academy of Economic Studies, Bucharest
Daniel Dumitrescu: Academy of Economic Studies, Bucharest
Diana Valentina Soare: Academy of Economic Studies, Bucharest

Romanian Statistical Review Supplement, 2012, vol. 60, issue 4, 342-353

Abstract: Often, the question arises if everyone receives integrally (minus administrative expenses) the contributions and especially if them, let in the care of the administrator to use them, will be given back at actual values or with a supplementary sum to replace the lack of usage of sums, that is interest. In the frame of public retirement systems we faced inly the promision of benefits and each promise can be respected or not. This aspect is guarded by the World Labor Organization and the Court for Human Rights. Another objective problem emphasized in this paper is the maturity state of the system, which occurs after 60-70 years, that is almost after a period equal to the age of a generation. The particularities of manifestation of the influence factors of the Social security systems and the freedom to choose the national model led to the occurrence of new different models, in the phase of system maturity, or to the adaptation of the existing ones.

Keywords: overlapped generations model; social security; pensions; Stiglitz-Yun theory (search for similar items in EconPapers)
JEL-codes: H55 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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