<abstract xmlns="http://www.w3.org/1999/xhtml"><p>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.</p></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.

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

Lucian Blaga University of Sibiu and Vasile Goldiş Western University of Arad

Studies in Business and Economics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Population and the quality of labor force are the “strengths” features’ that ensure socio-economic development of a country. The last decades can be...

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

Published Online: May 20, 2020

Page range: 158 - 170

DOI: https://doi.org/10.2478/sbe-2020-0013

Keywords
public pension systems, demography, Central and Eastern Europe, labor force

© 2020 Balteş Nicolae et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

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

Published Online: May 20, 2020

Page range: 158 - 170

DOI: https://doi.org/10.2478/sbe-2020-0013

Keywordspublic pension systems, demography, Central and Eastern Europe, labor force

© 2020 Balteş Nicolae et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
public pension systems, demography, Central and Eastern Europe, labor force