PENSION SYSTEM IN REDUCING POVERTY RISK IN ROMANIA

Nicolae Baltes and Stefania Amalia Jimon
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Nicolae Baltes: Lucian Blaga University of Sibiu
Stefania Amalia Jimon: Vasile Goldis Western University of Arad

Revista Economica, 2018, vol. 70, issue 1, 114-127

Abstract: Pension systems, regardless of form and organisation, have the main purpose to reduce poverty. Due to demographic changes, which put a high pressure on social insurance budgets, the regulation of the last decade have targeted in maintaining the sustainability of pension systems. In this context, we are wondering to what degree the main objective of these is fulfilled. In this paper, we made a quantitative and qualitative analysis as comprehensible as possible about the public pension system of Romania and the risk of poverty in the case of persons over 65 years old. The main conclusion that outcomes this study highlights that the pension system have an essential role in poverty reduction, but there are high differences between genders, situation which need improving legislation regarding women protection.

Keywords: globalization; ageing; people; pension fund's sustainability. (search for similar items in EconPapers)
JEL-codes: H55 I32 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:blg:reveco:v:70:y:2018:i:1:p:114-127

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