THE IMPACT OF THE ECONOMIC AND FINANCIAL CRISIS ON PENSION SYSTEMS IN THE EUROPEAN UNION

Daniel Nicolae Militaru
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Daniel Nicolae Militaru: Faculty of Economics and Business Administration, University of Craiova, Craiova, Romania

Revista Tinerilor Economisti (The Young Economists Journal), 2011, vol. 1, issue 17, 15-19

Abstract: This article aims to highlight the impact of the financial crisis on national pension systems in the European Union and to identify the necessary measures for the reform of pension systems in order to ensure their financial sustainability on long term. The financial crisis has affected all pension systems worldwide and the ongoing global recession is affecting the anti-crisis measures taken by governments to limit the negative effects of the impact of this crisis on the national pension systems. Having to face these two events which follow each other rapidly, most of the world's governments react erratically and in different ways.

Keywords: economic and financial crisis; pension system reform; pension costs; anti-crisis policies (search for similar items in EconPapers)
JEL-codes: G01 G23 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2011:i:17:p:15-19

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