European Welfare State Regimes and Their Generosity toward the Elderly

Axel Boersch-Supan and Sergio Nisticò

Chapter 2 in Government Spending on the Elderly, 2007, pp 23-52 from Palgrave Macmillan

Abstract: Abstract Europe is known for its well-developed welfare state, particularly if seen from the US American perspective. The GDP share of social expenditures of the EU15 countries in the year 2001 was 23.9 percent vis-à-vis 14.7 percent in the United States (OECD Factbook, 2006). Some think that the European welfare state is too large because it crowds out economic activities. Indeed, GDP per capita in the United States is almost 50 percent higher than the average of the EU15 countries; see Figure 2.1.

Keywords: Welfare State; Disability Pension; Early Retirement; Pension System; Public Pension (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59144-8_2

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DOI: 10.1057/9780230591448_2

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