Long‐Term Projections of Public Pension Expenditure
Abstract:Public spending on pensions has been on this rise in most OECD countries for the past two decades, as shown by the previous two indicators. Long‐term projections show that pension spending is expected to go on growing in 25 out of 29 OECD countries where data are available. On average pension expenditure is forecast to grow from 8.4% of gross domestic product (GDP) in 2010 to 11.4% of GDP in 2050.
Document Type: Review Article
Publication date: 2011-03-01