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dc.contributor.authorLassila, Jukkaen_US
dc.contributor.authorValkonen, Tarmoen_US
dc.date.accessioned2011-01-18en_US
dc.date.accessioned2011-03-25T09:38:03Z-
dc.date.available2011-03-25T09:38:03Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/44490-
dc.description.abstractThis study analyses financial sustainability of the Finnish public sector. Current tax rates are unlikely to yield sufficient tax revenue for financing public expenditure under an ageing population. The estimate of the sustainability gap is 2 1/2 per cent of GDP, for the period 2010 - 2060. The estimate is based on the 2009 population projection by Statistics Finland, where life expectancies are higher and net migration substantially larger than in earlier projections. Health and long-term care costs are modeled to be partly dependent on the proximity to death, and thus grow slowly compared to the growth in the number of old people. The higher initial public debt increases the vulnerability of the public finances to economic and demographic risks.en_US
dc.language.isofinen_US
dc.publisherElinkeinoelämän Tutkimuslaitos Helsinkien_US
dc.relation.ispartofseriesETLA discussion paper 1237en_US
dc.subject.jelH30en_US
dc.subject.jelH62en_US
dc.subject.jelH63en_US
dc.subject.ddc330en_US
dc.subject.keywordpublic financeen_US
dc.subject.keywordpensionsen_US
dc.subject.keywordhealth and long-term careen_US
dc.subject.keywordsustainability gapen_US
dc.titleJulkisen talouden: Rahoituksellinen kestävyys Suomessaen_US
dc.typeWorking Paperen_US
dc.identifier.ppn644135611en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:ETLA Discussion Papers, Research Institute of the Finnish Economy

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