OECD Economics Department Working Papers

Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues.

The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries.

English, French

How Will Ageing Affect Finland?

In Finland, as in most OECD countries, the ageing of the population is one of the major long-term policy challenges. This paper first explores the scale of the demographic changes in Finland, the relevant institutions and their effect on the decision to retire. In light of the increase in the number of elderly expected over the coming years, various issues concerning their economic position and health care are considered. The paper then considers the impact that demographic changes will have on public finances: the cost of the pension system will increase by a third; health care spending and the cost of care for the frail elderly are also likely to rise substantially. The paper ends by outlining the policy options to copy with ageing ...


Keywords: Finland, pensions, health care, long-term projections, ageing
JEL: I3: Health, Education, and Welfare / Welfare, Well-Being, and Poverty; I1: Health, Education, and Welfare / Health; J1: Labor and Demographic Economics / Demographic Economics; J26: Labor and Demographic Economics / Demand and Supply of Labor / Retirement; Retirement Policies
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