Romania's Pension System

Georges de Menil and Eytan Sheshinski

in Social Security Pension Reform in Europe

Published by University of Chicago Press

Published in print January 2002 | ISBN: 9780226241081
Published online February 2013 | e-ISBN: 9780226241913 | DOI:
Romania's Pension System

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This chapter describes pension reform in Romania. The chapter is organized as follows. Sections 13.2 through 13.3 review the prereform situation, focusing on initial economic and demographic conditions and on the characteristics of the social security system in 1996. Section 13.4 describes the political economy of the process. Sections 13.5 through 13.7 sketch the architecture of the new public and private systems. Sections 13.8, 13.9, and 13.10 analyze the budgetary, economic, and financial effects of transition to the new system, while Section 13.11 draws conclusions. A commentary and discussion summary are also included at the end of the chapter.

Keywords: Romania; pension reform; political economy; social security system

Chapter.  15235 words.  Illustrated.

Subjects: Public Economics

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