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European Welfare State Regimes and Their Generosity toward the Elderly

In: Government Spending on the Elderly

Author

Listed:
  • Axel Boersch-Supan
  • Sergio Nisticò

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.

Suggested Citation

  • Axel Boersch-Supan & Sergio Nisticò, 2007. "European Welfare State Regimes and Their Generosity toward the Elderly," Palgrave Macmillan Books, in: Dimitri B. Papadimitriou (ed.), Government Spending on the Elderly, chapter 2, pages 23-52, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59144-8_2
    DOI: 10.1057/9780230591448_2
    as

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