6533b858fe1ef96bd12b57b8

RESEARCH PRODUCT

Personal Savings and Investments in the Financial Market

Florin Cornel DumiterStefania Amalia JimonNicolae Baltes

subject

Social securityLabour economicsPoliticsmedia_common.quotation_subjectFinancial marketLife expectancyWageBusinessCapital marketSocioeconomic statusBirth ratemedia_common

description

After 1998, CEE countries underwent an extensive reform process toward compliance with the new political, economic, and sociodemographic conditions. Reduced birth rate, increased life expectancy, and migration are challenges for PAYG public pension systems, which are directly dependent on the labor market and funding based on social security contributions paid by all earners and other wage earners. This chapter aims to give a socioeconomic perspective regarding personal saving, through various instruments offered by the banking and capital market, to supplement the financial resources of the elderly during retirement.

yearjournalcountryeditionlanguage
2021-01-01
https://doi.org/10.1007/978-3-030-74454-0_6