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ISSN: 2344 - 102X
ISSN-L: 2344 - 102X
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Article from Volume 3, Number 3, Year 2015| EMPLOYEE BENEFITS AND PRODUCTIVITY: A STRUCTURAL EQUATIONS APPROACH | 
Download | | Author(s): Maria Moraru, Margareta Caran, Gratiela Georgiana Noja | | DOI: 10.4316/EJAFB.2015.336 | | Abstract: The analysis conducted within this paper aims to identify and assess the determinants and economic consequences of a specific type of employee benefits granted by companies after employment, respectively the pension systems and associated advantages, for Romania and Serbia, during 2005-2013. Our empirical research is based on developing several models processed through structural equations with the MLE (Maximum Likelihood Estimator) method. Furthermore, we used a complex set of indicators specific for the pension systems, as well as for the economic activity, labor market and education. The results obtained after processing eight macroeconometric panel and time series models highlight the importance of the economic activity in both countries which can significantly shape the pension systems. Thus, the economic growth reduces the number of pension beneficiaries for all types of pensions (old-age, anticipated old-age, survivor), representing an incentive for workers to remain actively integrated into the labor market. The main differentials between Romania and Serbia within this perspective are given by the educational level and the effects on labor and resource productivity, respectively its significant reduction in Romania and improvement for Serbia. | | Keywords: Employee Benefits, IAS 19, Pensions, Productivity, Economic Growth | References:
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12. *** International Accounting Standard 19 – IAS 19 – Employee Benefits (Standardul Interna?ional De Contabilitate 19 – Beneficiile Angaja?ilor).
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17. *** National Institute Of Statistics Of Romania.
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