THE COSTS OF DEMOGRAPHIC AND ECONOMIC CRISES - CHALLENGES TO PENSION SYSTEMS REFORM
As the economic and financial crisis accelerates worldwide, covering the expenses driven by an aging population is a challenge both now and in the future for the pension systems. Thus it is necessary to adopt sustainable reforms to cushon the expected impact of these crises on the budget. In general...
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| Format: | Article |
| Language: | English |
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University of Petrosani
2011-01-01
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| Series: | Annals of the University of Petrosani: Economics |
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| Online Access: | http://www.upet.ro/annals/economics/pdf/2011/part4/Militaru.pdf |
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| author | DANIEL NICOLAE MILITARU |
| author_facet | DANIEL NICOLAE MILITARU |
| author_sort | DANIEL NICOLAE MILITARU |
| collection | DOAJ |
| description | As the economic and financial crisis accelerates worldwide, covering the expenses driven by an aging population is a challenge both now and in the future for the pension systems. Thus it is necessary to adopt sustainable reforms to cushon the expected impact of these crises on the budget. In general, the strongest pressure occurs on pay-as-you-go (PAYG) pension systems. It is also essential that the reforms on pension systems should be accompanied by anti-crisis policies concerning the financial sector, the labour market and public finances. |
| format | Article |
| id | doaj-art-85b50e1a4f99499aace22e96841dbb45 |
| institution | DOAJ |
| issn | 1582-5949 2247-8620 |
| language | English |
| publishDate | 2011-01-01 |
| publisher | University of Petrosani |
| record_format | Article |
| series | Annals of the University of Petrosani: Economics |
| spelling | doaj-art-85b50e1a4f99499aace22e96841dbb452025-08-20T02:43:38ZengUniversity of PetrosaniAnnals of the University of Petrosani: Economics1582-59492247-86202011-01-01XI4175182THE COSTS OF DEMOGRAPHIC AND ECONOMIC CRISES - CHALLENGES TO PENSION SYSTEMS REFORMDANIEL NICOLAE MILITARUAs the economic and financial crisis accelerates worldwide, covering the expenses driven by an aging population is a challenge both now and in the future for the pension systems. Thus it is necessary to adopt sustainable reforms to cushon the expected impact of these crises on the budget. In general, the strongest pressure occurs on pay-as-you-go (PAYG) pension systems. It is also essential that the reforms on pension systems should be accompanied by anti-crisis policies concerning the financial sector, the labour market and public finances.http://www.upet.ro/annals/economics/pdf/2011/part4/Militaru.pdfdemographic crisisreforming the pension systempension costsanti-crisis policyprivate pension funds |
| spellingShingle | DANIEL NICOLAE MILITARU THE COSTS OF DEMOGRAPHIC AND ECONOMIC CRISES - CHALLENGES TO PENSION SYSTEMS REFORM Annals of the University of Petrosani: Economics demographic crisis reforming the pension system pension costs anti-crisis policy private pension funds |
| title | THE COSTS OF DEMOGRAPHIC AND ECONOMIC CRISES - CHALLENGES TO PENSION SYSTEMS REFORM |
| title_full | THE COSTS OF DEMOGRAPHIC AND ECONOMIC CRISES - CHALLENGES TO PENSION SYSTEMS REFORM |
| title_fullStr | THE COSTS OF DEMOGRAPHIC AND ECONOMIC CRISES - CHALLENGES TO PENSION SYSTEMS REFORM |
| title_full_unstemmed | THE COSTS OF DEMOGRAPHIC AND ECONOMIC CRISES - CHALLENGES TO PENSION SYSTEMS REFORM |
| title_short | THE COSTS OF DEMOGRAPHIC AND ECONOMIC CRISES - CHALLENGES TO PENSION SYSTEMS REFORM |
| title_sort | costs of demographic and economic crises challenges to pension systems reform |
| topic | demographic crisis reforming the pension system pension costs anti-crisis policy private pension funds |
| url | http://www.upet.ro/annals/economics/pdf/2011/part4/Militaru.pdf |
| work_keys_str_mv | AT danielnicolaemilitaru thecostsofdemographicandeconomiccriseschallengestopensionsystemsreform AT danielnicolaemilitaru costsofdemographicandeconomiccriseschallengestopensionsystemsreform |