Study Regarding the Effects of Demographic Transition on Labor Market and Public Pension System in Central and Eastern Europe

Author:

Nicolae Balteş1,Amalia Jimon Ştefania2

Affiliation:

1. Lucian Blaga University of Sibiu , Romania

2. Lucian Blaga University of Sibiu and Vasile Goldiş Western University of Arad Romania

Abstract

Abstract Population and the quality of labor force are the “strengths” features’ that ensure socio-economic development of a country. The last decades can be characterized as a transitional period, in which countries of European Union and especially the countries of Central and Eastern Europe are facing a demographic decline. Reduced birth rate, ageing and migration are factors’ which create a lot of pressure, both on labor market and public pension systems, items correlated with the population structure. In this paper we have presented the demographic situation and the size of migration in five countries of Central and Eastern Europe. The direct linkage between population structure, labor market and public pension systems represents, in transitional context, a threat to budget sustainability, especially in Romania. We consider that the reformation has to be adjusted with the new socio-economic conditions, finding new solutions for increasing birth rate, decreasing the “exodus” of young population and stimulating economic activities.

Publisher

Walter de Gruyter GmbH

Subject

Economics, Econometrics and Finance (miscellaneous),Business, Management and Accounting (miscellaneous),Social Psychology

Reference30 articles.

1. Balteş N., Jimon Ş., (2019), The Effectiveness of Pension Systems in Some Countries of Central and Eastern Europe, “Ovidius” University Annals-Economic Sciences Series, vol. XIX, nr. 1, pp. 555-561.

2. Bauman, Z., (2011), Culture in a Liquid Modern World, John Wiley & Sons, Cambridge.

3. Begum, S., Wesumperuma, D., (2012), Overview of the Old Age Allowance Programme in Bangladesh, in: Handayani S.W., Babajanian B. (eds): Social Protection for Older Persons, Asian Development Bank.

4. Boadway, R., Keen, M., (2000), Redistribution, in Atkinson, A., Bourguignon, F. (Eds.), Handbook of Income Distribution, Amsterdam.

5. Bricker, D., Ibbitson, J., (2009), Empty planet: the shock of global population decline, Crown Publishers, New York.

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