ASSESSMENT OF FACTORS AFFECTING THE FINANCIAL EQUILIBRIUM OF THE SOCIAL SECURITY SYSTEM FUNDS IN ALGERIA

Mohamed El Amine Maouche

Abstract


This study examines the combined factors affecting the Financial Equilibrium (FE) of Algeria's Social Security System (SSS) funds. The research adopts a descriptive and analytical approach to establish the theoretical framework and to investigate the main factors influencing the FE of the system. Empirical analysis was conducted using data from reports of the National Office of Statistics (ONS) covering the period from 2007 to 2017. To evaluate the simultaneous effect of the selected variables on FE, a multiple linear regression model was employed. The findings indicate that social security adequacy, benefits growth, social security coverage, and the operating costs ratio exert a statistically significant effect on the FE of the Algerian SSS funds. In contrast, contributions growth and the average benefit per contributor did not show a statistically significant effect within the estimated model. These results suggest that the FE of the SSS is shaped more strongly by expenditure structure, coverage dynamics, and administrative cost efficiency than by contribution growth alone.


Keywords


financial equilibrium; social security; contributions; benefits; adequacy; coverage; operating costs;

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References


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DOI: http://dx.doi.org/10.12709/mest.14.14.02.19

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