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Title: Pension reform in Central and Eastern Europe : implications and simulations for Romania
Author: Mihaita, Eugen Iulian
ISNI:       0000 0001 3397 9575
Awarding Body: Nottingham Trent University
Current Institution: Nottingham Trent University
Date of Award: 2006
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This thesis attempts to expand the boundaries of knowledge on pension reform. It contributes to the pension reform literature on Romania by reviewing and explaining its pension reform developments and by re-evaluating its strategies. It runs 'overlapping generations' simulations on the adoption of a Notional Defined Contribution (NDC) pillar in Romania. Based on state-preference theory, a model is consti-ucted in order to estimate the size of the private pillar suitable for the Romanian pensions system. The analysis highlights the significance of high public pension system implicit debt in the architecture of multipillar reform strategies, the role of the access to international capital markets in debt-financing the transition costs, the potential superiority of NDC schemes over other public pillar parametric reforms, and the importance of devising tools for determining the size of the private fully-funded pillar. The thesis prompts the need for further study into these issues.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available