Eficienţa social-economică a sistemului de pensii din Republica Moldova (analiza comparativă)

Abstract

In the Republic of Moldova, the problem of low socio-economic efficiency of the pension system is very acute. It needs to be refined by applying innovative tools. For their elaboration, there is an objective need to analyze the main indicators of the socio-economic efficiency of the pension system of the Republic of Moldova and their comparison with other countries, which is the objective of this article. The following methods were used in the research: monographic, analogies, comparison, statistics, etc. The analysis of the socio-economic efficiency of the pension system in the Republic of Moldova was conducted based on the criteria developed by the World Bank: the adequacy of the size of pensions, the feasibility of the funding burden, sustainability and long-term adaptability. Using these criteria, the following indicators were calculated: the ratio between the size of the pension and the subsistence minimum value, the purchasing power of the pension, the replacement rate and the sizes of the pensions as a percentage of GDP. They were compared with the corresponding indicators in OECD countries. It is shown that pensioners in the Republic of Moldova are in a more unfavorable situation than in other countries. The conclusion was reached about the low socio-economic efficiency of the pension system of the Republic of Moldova and its poor adaptation to the imminent demographic challenges.