Financial Sustainability of Pension Systems

Stefania Amalia Jimon is Assistant Professor of Finance at the Department of Economics and Technical Sciences, Faculty of Economics, Engineering and Informatics at "Vasile Goldis" Western University of Arad (Romania). She is both economist and medical specialist and received her PhD in Finance at "Lucian Blaga" University of Sibiu (Romania). She has the following research interest fields: pension systems, public finance, capital markets, tax law. She published around 20 articles indexed in multiple international databases. She teaches courses in Public Finance, Monetary Economics, Microeconomics and Macroeconomics. Florin Cornel Dumiter is Full Professor of Finance at the Department of Economics and Technical Sciences, Faculty of Economics, Engineering and Informatics at "Vasile Goldis" Western University of Arad (Romania). He holds an economist and legal adviser diploma and received a PhD in Finance and a PhD in Tax Law at West University of Timisoara (Romania) and a PostDoctoral Degree in Economics at the Romanian Academy. His research interests include International Finance, Capital Markets, Finance & Banking, Tax and Financial Law. He has several published books and over 80 articles indexed in Clarivate Analytics, Scopus and other important international databases. He teaches courses in Public Finance, Monetary Economics, Assurance Management at bachelor level and Financial Markets and Financial Management at master level. In recent years he has taught courses and seminars in tax law and business law. He is also a practising chartered accountant and tax consultant and adviser with judicial and accounting and fiscal expertise. Nicolae Baltes is Full Professor of Finance at the Department of Accountancy and Finance, Faculty of Economics at "Lucian Blaga" University of Sibiu (Romania). He holds a bachelor degree in Economics and a PhD in Finance at the Bucharest Academy of Economic Studies. He teaches courses in Financial Economics and Financial Accounting. He has published a number of books and articles in international journals. He holds practical expertise in judicial and extrajudicial accounting, financial diagnosis, business plans, evaluations, market studies and accounting management.

Chapter 1. Introduction.- Chapter 2. Overview of Pension Systems.- Chapter 3. Socio-Economic and Medical Approaches to Pensions Systems.- Chapter 4. Modeling the Impact of Socio-Economic and Medical Characteristics on Public Pension Systems in Central and Eastern European Countries.- Chapter 5. Private Pension Funds.- Chapter 6. Personal Savings and Investments in the Financial Market.- Chapter 7. The Importance and Role of Social Policy in Maintaining Macroeconomic Stability.- Chapter 8. Modeling the Macroeconomic Effects of Pension Systems.- Chapter 9. Financial Sustainability of Public Pension System.- Chapter 10. Econometric Study on the Financial Sustainability of Public Pension Systems.- Chapter 11. Conclusions and Final Remarks.