OECD and EU countries face growing spending pressures. Population ageing raises expenditure on pensions, health and long-term care, the green transition requires investments in infrastructure and housing, and AI’s effects on employment and wages remain uncertain. Labour income, the main financing base for social protection, is under pressure from shrinking working-age populations and potentially labour-replacing technologies. Many countries also face fiscal constraints amid an uncertain macroeconomic and geopolitical outlook.
As a consequence, and given the large shares of social protection spending in public budgets, many countries are reviewing the composition and funding mixes of social spending.
The EU-OECD report ‘Financing of National Social Protection Systems’ charts financing mixes across OECD and EU countries. It examines the role of social contributions, general revenues, and public and private financing. It considers challenges arising from new and emerging forms of work, as well as policy debates and attitudes towards broadening social protection financing.
This webinar presents main results from the newly launched OECD-EU report – join us for a presentation by the OECD and EU, followed by a Q&A.