CHAPTER 1
Background 5
CHAPTER 2
Demographic Structure and Social Expenditure 11
1. Projections of social expenditure in Korea 13
2. Projections of social expenditure in OECD countries in relation to the population aging 15
CHAPTER 3
Forecasting Social Expenditure Through Panel Analysis 25
1. Scope and method of estimation 27
2. Estimation results 29
CHAPTER 4
Conclusion and Implications 35
1. Comparison of estimation of social expenditure in key OECD countries 37
2. Comparison of long-term social expenditure of Korea from panel analysis with component estimation method 38
3. Projection of the Total Tax Revenue 40
References 44
