THE MAIN DIRECTIONS FOR MODERNIZING THE PENSION SYSTEM AT THE EUROPEAN LEVEL

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

No 32, Social Responsibility, Ethics and Sustainable Business from Bucharest University of Economic Studies

Abstract: The paper analyses the main challenges of the pension systems at the European level: population ageing, the reduction of the active population, the consequences of the economic and financial crisis, the trends in the labour market, in order to deliver viable solutions to social decision makers for creating a suitable and sustainable pension system that should allow citizens to maintain a certain standard of living after retirement. Also, due to the structural changes that have occurred, mainly the transition to funded pension systems that involve for individuals to take more risks, we will analyse if this gradual transition to the private pension systems is the key to the sustainability of pension systems in Europe.

Keywords: private pensions; population ageing; active population; early retirement; viable pension system (search for similar items in EconPapers)
Date: 2012-10
References: Add references at CitEc
Citations:

Published in Working Papers Series on Social Responsibility, Ethics & Sustainable Business

Downloads: (external link)
http://www.csrconferences.org/RePEc/aes/icsrog/2012/2012_1_029.pdf First version, 2012, October (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aes:icsrog:wpaper:32

Access Statistics for this paper

More papers in Social Responsibility, Ethics and Sustainable Business from Bucharest University of Economic Studies Contact information at EDIRC.
Bibliographic data for series maintained by Lucian Onisor ().