Aging, Labor Markets, and Pension Reform in Austria

Christian Keuschnigg and Mirela Keuschnigg ()

FinanzArchiv: Public Finance Analysis, 2004, vol. 60, issue 3, 359-392

Abstract: This paper investigates the dynamic consequences of demographic change and various pension reform scenarios for Austria. The analysis is based on a computable overlapping-generations model with life-cycle labor supply, savings, and search unemployment. The public sector is decomposed into general government and an unfunded pension system with a tax-benefit linkage. Our quantitative analysis considers several pension reform scenarios on top of the demographic transition in an aging society. We find that lowering the pension replacement rate and increasing the retirement age can have strong labor-market effects. They strengthen the labor supply both with respect to job search intensity, leading to lower unemployment rates, and with respect to hours worked.

Keywords: pension reform; CGE; aging; labor market (search for similar items in EconPapers)
JEL-codes: C68 D58 E62 H55 J64 (search for similar items in EconPapers)
Date: 2004
References: Add references at CitEc
Citations: View citations in EconPapers (31)

Downloads: (external link)
https://www.mohrsiebeck.com/en/article/aging-labor ... 16280015221042396168
Fulltext access is included for subscribers to the printed version.

Related works:
Working Paper: Aging, Labor Markets and Pension Reform in Austria (2004)
Working Paper: Aging, Labor Markets and Pension Reform in Austria (2004)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mhr:finarc:urn:sici:0015-2218(200409)60:3_359:almapr_2.0.tx_2-l

Ordering information: This journal article can be ordered from
Mohr Siebeck GmbH & Co. KG, P.O.Box 2040, 72010 Tübingen, Germany

Access Statistics for this article

FinanzArchiv: Public Finance Analysis is currently edited by Alfons Weichenrieder, Ronnie Schöb and Jean-François Tremblay

More articles in FinanzArchiv: Public Finance Analysis from Mohr Siebeck, Tübingen
Bibliographic data for series maintained by Thomas Wolpert ().