FINANCIAL CRISIS AND THE PENSION SYSTEM

Narcis Mitu and Daniela Pîrvu Ph. D Student
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Daniela Pîrvu Ph. D Student: University of Piteşti Faculty of Economics Piteşti, Romania

Annals of University of Craiova - Economic Sciences Series, 2010, vol. 2, issue 38, 6

Abstract: Currently, public pension systems PAY-AS-YOU-GO (PAYG) from more countries in the world based solely on solidarity between generations are facing increasingly difficult problems to solve. Causes due to evolution. And demographic trends of aging while reducing the birth rate, increasing the average lifetime, inflation, growing costs in the period following the early post active retirement. Last but not least, reducing the dependency ratio, meaning the decrease number of taxpayers while increasing number of retirees.

Keywords: financial crisis; pension crisis; pension systems; pension system reform; demographic evolution (search for similar items in EconPapers)
JEL-codes: E60 H55 I38 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:2:y:2010:i:6:p:171-176

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