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Can we Afford to Live Longer in Better Health? ENEPRI Research Reports No. 10, 1 July 2005

Westerhout, Ed and Pellikaan, Frank. (2005) Can we Afford to Live Longer in Better Health? ENEPRI Research Reports No. 10, 1 July 2005. UNSPECIFIED.

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    Abstract

    This research report analyses the effects of ageing populations upon public finances. More specifically, it focuses on the implications of population ageing for acute health care, long-term care and public pension expenditures for 15 EU countries. It pays particular attention to three novel insights: i) a large proportion of health-care spending relates to time to mortality rather than to age; ii) life expectancy may increase much faster than current demographic projections suggest; and, iii) average health status may continue to improve in the future. It adopts a generational accounting model that incorporates health-care costs during the last years of life, decomposed into an acute health-care component and a long-term care component. The projections show that gains in life expectancy increase age-related expenditure, while improved health has the opposite effect. Combined, these trends reduce health-care costs and increase pension expenditures. Their joint effect upon public finances is rather modest, however. Hence, the assessment of public finances in most EU-15 countries does not change: even if a more rapid increase in life expectancy combines with an improvement in health, current fiscal and social security institutions will be unsustainable.

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    Item Type: Other
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > social policy > welfare state
    EU policies and themes > Policies & related activities > public health policy
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > ENEPRI Research Reports
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 17 Aug 2009
    Page Range: p. 47
    Last Modified: 06 Apr 2012 13:19
    URI: http://aei.pitt.edu/id/eprint/9493

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