Empirical Approaches Upon Pension Systems in Central and Eastern European Countries. Triangle Assessment: Free Movement of People, Labor Market and Population Health Features

Abstract

Nowadays, around the world, it can be noticed an important trend towards the pension system reforms. The creation of the European fiscal space, the effects of globalization and the movement of the labour force are important vectors towards creating a new type of social economy. The labour force is constantly moving around the countries that gathered important amounts of capital, especially in industrialized countries. Moreover, the lower levels of the birth rate combined with the increasing level of death rate unbalance the labour market. The entire European continent undergoes a demographical transition period, highlighted by aging and intensive migration. This phenomenon is registered both outside and inside the European Union, especially upon the highest industrialized Western countries. In this context, the human capital role and quality gain an important topic throughout the social and economic developments. In this article, we tackle some important aspects regarding the correlation between the actual status quo of population structure and some important features of future pension systems.

Influence of Fiscal Policies and Labor Market Characteristics on Sustainable Social Insurance Budgets—Empirical Evidence from Central and Eastern European Countries

“…Our results are consistent with other studies that concluded that a longer working life does not increase the employment rate and neither has a significant effect on the social protection system sustainability [48,49]. On the contrary, a longer working life can induce an increase in unemployment, as was also shown by Jimon et al [50].…”

Employment and Happiness of the Older People in Romania and the Visegrád Countries: Analysis of the European Quality of Life Surveys

“…Balteș et al (2018) state that in order to make the Romanian system sustainable, further reforms are needed. Jimon et al (2020) also highlight that due to the consecutive change of the population structure, it is not enough to analyze the current problems, but future changes should be also considered, and the policy measurements should be forward-looking. Unavoidable and forced tightening of the pension systems all around Europe should be implemented with caution to avoid the decrease of older employees' satisfaction.…”

Individual Adaptability to Work: Scale Validation on the Romanian Population

“…Individual adaptability was proposed as a third type of job performance, in addition to task and contextual performance (M. Griffin et al, 2007;Tucker et al, 2009), and is proving increasingly important (Chen et al, 2020). Facing this, the capacity to adapt will become a de facto competence required from employees at all levels (Jimon et al, 2020). This new reality creates the need to provide both researchers and practitioners with valid instruments to evaluate a person's adaptability.…”