Romanian pensions system at a glance: some equity comments
Journal Title: Economic Research-Ekonomska Istraživanja - Year 2016, Vol 29, Issue 1
Abstract
The main objective of this study is to analyse the equity issues of the Romanian pension system. The analysis is carried out at two levels: at the nationwide level, aimed at identifying the welfare implications of recent reforms adopted by the Romanian government on the unitary system of pensions, and at the regional level, where we try to identify differences and similarities across counties with respect to nominal and real average benefits received by pensioners. The conclusions of the analysis show that the new pension law ended up with an increase of the average benefit for high pensions, while low benefits remained practically the same as they were before the reform. At regional levels, in most of the counties the average real pension (indexed by the cost of living) is above the nominal one.
Authors and Affiliations
Alina Cristina Nuţă, Constantin Zaman, Florian Marcel Nuţă
Keywords
Related Articles
- EP ID EP201770
- DOI 10.1080/1331677X.2016.1169705
- Views 37
- Downloads 0
Effects of risk aversion on securities portfolio performance in underdeveloped capital markets: the case of the capital market of Bosnia and Herzegovina
The main goal of this article is to examine risk aversion impact on securities portfolio performance in underdeveloped capital markets. For the purpose of this research, portfolio performance was taken as a dependent var...
The macroeconomic effects of transport infrastructure on economic growth: the case of Central and Eastern E.U. member states
This paper empirically investigates the effects of transport infrastructure on economic growth in Central and Eastern European Member States (C.E.M.S.) in the period 1995–2016. During the transition period in C.E.M.S., m...
Assessing the accuracy of delta-normal VaR evaluation for Serbian government bond portfolio
Interest rate risk is immanent to all sorts of bonds with a fixed interest rate and has a major impact on the value of the bond. The aim of this article is to evaluate this risk over a period of five years (2008–2012), a...
On the impossibility of sustainable growth in a manufacturing based economy
This paper investigates a possibility of sustainable growth in a multi-output endogenous growth framework where the capital accumulation takes place mainly through the production of the dirty manufactured goods. It is sh...
Analysis of competitiveness: energy sector and the electricity market in Russia
This study provides an overview and conducts a thorough analysis of the current state and development trends of the energy sector in a competitive electricity market in Russia. It scrutinises and outlines the most probab...