Austria: Selected Issues

International Monetary Fund

No 2002/183, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper for Austria looks at the fiscal burden facing Austria owing to aging, and the policy steps necessary to address it. It gives a short description of the Austrian pension, health care, and long-term care systems, and describes how aging will affect the costs of these systems. It then analyzes the development of age-related spending and the sustainability of general government finances under different scenarios, and quantifies the primary adjustment required to keep public finances on a sustainable path in the long term.

Keywords: ISCR; CR; EU enlargement; Austria; EU accession; EU entry; bank asset data; EU budget; Pensions; Pension spending; Aging; Commercial banks; Labor markets; Eastern Europe; Western Europe (search for similar items in EconPapers)
Pages: 64
Date: 2002-08-14
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