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Finland is committed to high quality and extensive public services and a high level of income redistribution. The heavy … public services. This paper, one of a series of OECD reviews on public expenditure, looks at how Finland is coping with this … challenge. It concludes that the fundamental framework guiding public expenditure in Finland is sound. And, in many areas of …
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Japan’s gross government debt of 226% of GDP in 2018 is the highest ever recorded in the OECD area, and places the economy at risk. The government now aims to achieve a primary surplus by FY 2025. Additional fiscal consolidation, based on a detailed plan covering specific spending cuts and tax...
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In times of ever-rising health expenditures it is becoming more and more obvious that conventional models for funding health care are increasingly experiencing difficulties in meeting up this challenge. The concept of Medical Savings Accounts (MSAs) represents an innovative and so far rarely...
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We develop a simple model of fiscal competition among ageing municipalities. When ageing advances, gerontocracies and social planners gradually substitute publicly provided goods aimed at the mobile young population for publicly provided goods for the elderly. This substitution process does not...
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