SOCIO-DEMOGRAPHIC FACTORS OF TRANSITION FROM LABOUR ACTIVITY TO PENSION IN THE REPUBLIC OF MOLDOVA
Journal: The Journal CONTEMPORARY ECONOMY (Vol.8, No. 1)Publication Date: 2023-03-31
Authors : Galina SAVELIEVA Svetlana ZAHAROV;
Page : 53-72
Keywords : demographic ageing of population; wages; age pensioners; pension; transition from work to retirement; labour market.;
Abstract
The purpose of research is to analyse the impact of socio-demographic factors on the transition from labour activity to pension in the Republic of Moldova. Demographic factors, including migration, population decline and ageing, have led to the deformation of age structure of population in the direction of elder age groups. The growth in the number of pensioners with a reduction in employed population have conditioned to financial instability of the Social Insurance Budget and disruption of terms payment of pensions and benefits. The analysis of the importance of social factors of stopping of labour activities at retirement the comparative assessment of wages reflects as the basis for pension accrual, average monthly disposable income and amount age pension, as well as indicators of living standards of elderly population (poverty rate). The analysis of the factors takes into account the forced stopping a work and retirement when reaching the established age limit due to the existence of age discrimination in the labour legislation. Taking into account the relevance of the problem, proposals for increasing the effectiveness of state policies to regulate the transition from labour market to pension, including the possibilities of continuing labour activity, were elaborated. The article was elaborated within the framework the Scientific Project “Migration, Demographic Changes and Policies of Stabilization the Situation”, registered in the State Register of projects in the field of science and innovation of the Republic of Moldova with the code 20.80009.0807.21 of the State Program (2020-2023).
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