The Private Investments in Human Capital within the Context of the Public Pension Scheme Cover Image

Частните инвестиции в човешки капитал в контекста на публичното пенсионно осигуряване
The Private Investments in Human Capital within the Context of the Public Pension Scheme

Author(s): Plamen Jordanov
Subject(s): Economy
Published by: Стопанска академия »Д. А. Ценов«

Summary/Abstract: The appearance, continuous development and improvement of the social insurance directly depend on the economic realization of human resources. The existing connections and interdependencies between the mechanism of its functioning and the high quality of labor force in the context of flexibility, adaptability, mobility and competitiveness of an economic active person are not fully and sufficiently explained. The article emphasizes on the opportunities for a purposed influence by means of a public social insurance for the human capital growth (respectively increase of the produced gross domestic product) achievement of economic growth and personal and public prosperity. The conclusion made is that the attention should be directed towards the regime of insurance payments, provided by the public pension scheme. Adequate alterations in the formula for calculating the pensions’ s size for a given insurance service and age can guarantee their increase and at the same time create prerequisites for revealing the potential of the public pension scheme and its transformation from a consumer into a generator of economic growth.

  • Issue Year: 2008
  • Issue No: 3
  • Page Range: 35-44
  • Page Count: 10
  • Language: Bulgarian