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

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

Open Access
|May 2020

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.

DOI: https://doi.org/10.2478/sbe-2020-0013 | Journal eISSN: 2344-5416 | Journal ISSN: 1842-4120
Language: English
Page range: 158 - 170
Published on: May 20, 2020
Published by: Lucian Blaga University of Sibiu
In partnership with: Paradigm Publishing Services
Publication frequency: 3 issues per year

© 2020 Balteş Nicolae, Jimon Ştefania Amalia, published by Lucian Blaga University of Sibiu
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.