Social Insurance in Romania - Concern for Governors

• Author: Manuela Panaitescu
• Pages: 416-421

European Integration -

Realities

416

Social Insuran

Vice Executive Manager, D

Danubius U

m

Abstract: Objectives:

the comp

provides financial benefits to the

decreased labour ability caus

unemployment, and the resulting

continues previous research con

Private Insurance Systems in th

surveys and observation of the po

the public insurance system has t

on the n eeds and value scales of

interested in the Romanian soc

ia

Value:

the insurance systems de

the economy, especially the labo

challenge for all European count

Keywords: social

protection man

Worldwide, the financial

difficult

an aging population, and for

balan

contributions or reduce

the presta

Primary income derived directl

Market manifests itself a numbe

society. Explanation is given t

collective welfare, especially the

Therefore, intervention is necess

people who are actually covered b

Transfers are made according to

when financial resources are tra

(such as transfers from social ass

the sick (if the

public system bu

unemployed or retired (if public

transfers are interpreted as verti

es and Perspectives

rance in Romania

-

Concern for Gover

Manuela Panaitescu

, Department of Regional Development

,

County Co

s University of Galati, Department of Economics,

manuelapanaitescu @univ

-danubius.ro

mparative research of the public and private insu rance systems

the individuals who have lost their income due to their old age

aused by disabilities, disease, motherhood, work relate

ting benefits are conditioned by the due contributions;

Prior

onducted for the PhD t

hesis called “Improving Management

the Market Economy”;

Approach:

the main methods that h

population’s behaviour;

Results:

in order to reduce the finan

as to cope with, the concrete i mplementation of a social insura

of th e Romanian state is necessary;

Implications:

academic

ial insurance system management and its long run effects o

determin

s

the quality of life for most of the population and s

abour market and the capital market. This

is why social secu

ntries.

anagement

; social insurance; finance

ulties,

that the social insurance systems face, are

pri

lancing the budget there are adopted

measures to

in

stations

or a combination thereof.

ctly by market mechanisms can characterize the

ber of limitations that prevent achieving desirable

that the economy based on market laws, pro

the public or social, tend to

be produced in a pro

essary corrective mechanisms (redistribution of we

d by social policies.

to strict criteria established b

y law and have a do

transferred from those with high incomes to thos

assistance system) and horizontal according needs

but health insurance and social assistance), from th

lic systems of unemployment insurance or pension

ertically (if the public pension system wh

ere the

2011

ernors

Council of Galati

ms is important as it

age, along with th

eir

lated accidents or

or Work:

this work

nt in the Public and

t have been used in

ancial restra

ints that

urance system based

ics and re searchers

s on the population;

d strongly influence

curity is a common

primarily

generated by

increase

the

the collective welfare.

ble levels of welfare in

roperty characterizing

proportion insufficient.

wealth) and supporting

double target: vertical

ose with low incomes

ds

- from the healthy to

those working on the

ions) . Some horizontal

the older generation is