This chart illustrates an important public finance and demography concept, life-expectancy at the actual age of retirement, years-in-retirment, years-on-pension, or pension-years.
Together with a chart below, on the percentage of retirement income coming from public (Government) pensions, this helps to explain the pensioner cost budget time-bombs, with pensions and pensioner health.
Pension reform and containment of pensioner health expenditure has become an essential, if controversial component of good Public Financial Management in many of these countries
Sources: The Economist online, Feb 23rd 2010, OECD
Already in the 1970s many observers concluded that the welfare state had reached its outer limits and began to speak of a crisis of the welfare state.
ResponderEliminarEm 2006, Portugal estava pior do que a Grécia em saúde:
ResponderEliminarDespesas total em Saúde /PIB 2006
Portugal: 10,2%
Grécia: 9,1%
OCDE média: 8,9%
Financiamento público das despesas em saúde:
Portugal: 71%
Grécia: <50%
OCDE média: 73%