Since after economical crash of southern europe, many scholars and International organizations including OECD have produced many research papers on background and remedies of ill-fated economies of southern europe. Recommendations made by experts and OECD include welfare reform of countries of southern europe especially Greece. Even though welfare reform is one aspect of improving soundness of public finance of these countries, medias in Korea have made efforts to illuminate troubles of welfare states. Since Korea is in crossroad in development stages of social security system, lessons from southern europe should be analyzed thoroughly not to miss real agenda in welfare and economic crisis. This study analyzes social expenditure of OECD countries by grouping countries of different characteristics in absolute levels, composition, and growth patterns of social expenditures. The attribution analysis methodology of monetary finance is applied to public finance to evaluate share of two sectors in deteriorating soundness of public finance.
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