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Analysis of the evolution of the number of pensioners and pensions in Romania

Mădălina Gabriela Anghel and Constantin Anghelache
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Mădălina Gabriela Anghel: „ARTIFEX” University of Bucharest, Romania
Constantin Anghelache: Bucharest University of Economic Studies, Romania „ARTIFEX” University of Bucharest, Romania

Theoretical and Applied Economics, 2018, vol. XXV, issue 2(615), Summer, 187-194

Abstract: The active population is in three hypostases, occupied population, labor, population above the working age limit, i.e. retired people and the unemployed. An important category is pensioners. This is because, even if they receive a contributory pension, they have to get their rights from the national budget, and thus they can also represent a state of financial impossibility to meet. In the analysis of pensioners, the authors use a series of data, graphs, which they compare and conclude that, at least in Romania, there are some difficulties that put pressure on the status of pensioners. In the study, the authors referred to the evolution of the number of retirees that is sufficiently high compared to the active labor force and, if other categories not involved in the workforce are taken into account, there is a greater difficulty for the population are doing their job, and who through the results of their work have to secure funds, all that is needed for an increased number of the population. The study of the social security pension and pensions in general is another element in correlation with the new pension law that must ensure a precise and constant algorithm in this area that appears to be the most important for the third-age population. European Union directives also refer to the fact that the third-generation population has to be further used, especially in areas where it is highly specialized and can deliver tangible results in certain areas of social and economic life. The analysis is carried out monthly, quarterly, and annually, taking into account the fact that the slightly decreasing workforce due to lower population continues reaching the legal age of being able to work and the number of pensioners who are part of the higher contiguous which increase the number of pensioners in Romania. The situation is also specific because the natural movement of the population is also analyzed on a structural fund, discussing the pyramid of the ages, we can discuss about an elderly population in Romania.

Keywords: pension; pensioner; population; generation; contingent. (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:agr:journl:v:2(615):y:2018:i:2(615):p:187-194