Medium: euronews
URL of Source: Link euronews
"(...) Ireland's society is still relatively young compared to other economies and therefore pension, long-term care and age-related health care spending is lower, Professor Bernhard Ebbinghaus, chair of macrosociology at the University of Mannheim, told Europe in Motion.
'In addition, GDP is somewhat inflated in Ireland — as in Luxembourg — because of international companies that use the country for tax purposes', he added. 'For Ireland, GNP (the total income earned by the residents) is a better indicator than GDP to understand its residents' living standards.' (...)"
People mentioned: Bernhard Ebbinghaus