From Generosity to Sustainability : the Austrian Pension System and Options for its Reform /

From Generosity to Sustainability : the Austrian Pension System and Options for its Reform /

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Austria has probably the world's highest pension expenditures relative to its economic size, largely because of the generosity of its pension system. This paper examines the institutional setup of the Austrian pension system and projects its future development based on current policies. The pro...

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Bibliographic Details
Main Author: Thimann, Christian
Corporate Author: International Monetary Fund
Other Authors: Koch, Manfred
Format: Book
Language:English
Published: Washington, D.C. : International Monetary Fund, 1997
Washington, D.C. : 1997
Series:IMF Working Papers ; Working Paper No. 97/10
IMF Working Papers ; Working Paper no. 97/10
IMF Working Papers; Working Paper ; No. 1997/010
IMF eLibrary
Subjects:
Aging population
Aging populations
Average pension
Average retirement age
Benefits
Civil service pensions
Compensation
Contribution payments
Contribution period
Contribution periods
Contribution rate
Contribution rates
Dependency ratio
Dependency ratios
Disability pension
Disability pensions
Early retirement pensions
Early retirement
Employees pension
Gross wage
Gross wages
Labor force
Level of pension expenditure
Level of pension expenditures
Life expectancy
Lower pension
Male pensioners
Net wage
Net wages
Old-age pension
Old-age pensioner
Old-age pensions
Optimal pension
Payroll
Pension age
Pension benefit
Pension benefits
Pension entitlements
Pension expenditure
Pension expenditures
Pension fund
Pension insurance
Pension liabilities
Pension payments
Pension reform
Pension reforms
Pension rights
Pension saving
Pension scheme
Pension schemes
Pension system
Pension systems
Pension
Pensioner
Pensioners
Pensions
Pillar pension
Private saving
Public pension schemes
Public pension
Replacement rate
Replacement rates
Retirement age
Retirement ages
Retirement pensions
Retirement
Service pensions
Survivor pensions
Tax rate
Value of pensions
Wage adjustment
Wage earners
Wage growth
Wage level
Wage levels
Wage
Wages
Worker
Working pensioners
Aging
Demography
Economics of the Elderly
Economics of the Handicapped
Expenditure
Labor
Labour
Non-labor Market Discrimination
Nonwage Labor Costs and Benefits
Pension spending
Population & demography
Population aging
Population and demographics
Private Pensions
Public Finance
Retirement Policies
Social Security and Public Pensions
Wages, Compensation, and Labor Costs: General
income economics
Austria
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100 1 |a Thimann, Christian 
245 1 0 |a From Generosity to Sustainability :  |b the Austrian Pension System and Options for its Reform /  |c Thimann, Christian 
260 |a Washington, D.C. :  |b International Monetary Fund,  |c 1997 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1997 
300 |a 1 online resource (30 pages) 
336 |a text  |b txt  |2 rdacontent 
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490 1 |a IMF Working Papers ;  |v Working Paper No. 97/10 
490 1 |a IMF Working Papers 
490 1 |a IMF Working Papers,  |x 2227-8885 ;  |v Working Paper No. 97/10 
500 |a Available in PDF, ePUB, and Mobi formats on the Internet 
500 |a Bibliographic Level Mode of Issuance: Monograph 
500 |a Part of the IMF eLibrary collection 
506 |a Restricted for use by site license 
506 |a Restricted for use by site license.  
520 3 |a Austria has probably the world's highest pension expenditures relative to its economic size, largely because of the generosity of its pension system. This paper examines the institutional setup of the Austrian pension system and projects its future development based on current policies. The projection results show a swift financial worsening. With the already high level of contribution rates, pension expenditures, and budget transfers, the results underscore the need for reform. Much of this reform can, however, be achieved by maintaining the structure of the system and adjusting some of its key parameters. The paper outlines options for such a reform 
520 3 |a Austria has probably the world’s highest pension expenditures relative to its economic size, largely because of the generosity of its pension system. This paper examines the institutional setup of the Austrian pension system and projects its future development based on current policies. The projection results show a swift financial worsening. With the already high level of contribution rates, pension expenditures, and budget transfers, the results underscore the need for reform. Much of this reform can, however, be achieved by maintaining the structure of the system and adjusting some of its key parameters. The paper outlines options for such a reform 
546 |a English 
588 |a Description based on print version record 
650 4 |a Aging population 
650 4 |a Aging populations 
650 4 |a Average pension 
650 4 |a Average retirement age 
650 4 |a Benefits 
650 4 |a Civil service pensions 
650 4 |a Compensation 
650 4 |a Contribution payments 
650 4 |a Contribution period 
650 4 |a Contribution periods 
650 4 |a Contribution rate 
650 4 |a Contribution rates 
650 4 |a Dependency ratio 
650 4 |a Dependency ratios 
650 4 |a Disability pension 
650 4 |a Disability pensions 
650 4 |a Early retirement pensions 
650 4 |a Early retirement 
650 4 |a Employees pension 
650 4 |a Gross wage 
650 4 |a Gross wages 
650 4 |a Labor force 
650 4 |a Level of pension expenditure 
650 4 |a Level of pension expenditures 
650 4 |a Life expectancy 
650 4 |a Lower pension 
650 4 |a Male pensioners 
650 4 |a Net wage 
650 4 |a Net wages 
650 4 |a Old-age pension 
650 4 |a Old-age pensioner 
650 4 |a Old-age pensions 
650 4 |a Optimal pension 
650 4 |a Payroll 
650 4 |a Pension age 
650 4 |a Pension benefit 
650 4 |a Pension benefits 
650 4 |a Pension entitlements 
650 4 |a Pension expenditure 
650 4 |a Pension expenditures 
650 4 |a Pension fund 
650 4 |a Pension insurance 
650 4 |a Pension liabilities 
650 4 |a Pension payments 
650 4 |a Pension reform 
650 4 |a Pension reforms 
650 4 |a Pension rights 
650 4 |a Pension saving 
650 4 |a Pension scheme 
650 4 |a Pension schemes 
650 4 |a Pension system 
650 4 |a Pension systems 
650 4 |a Pension 
650 4 |a Pensioner 
650 4 |a Pensioners 
650 4 |a Pensions 
650 4 |a Pillar pension 
650 4 |a Private saving 
650 4 |a Public pension schemes 
650 4 |a Public pension 
650 4 |a Replacement rate 
650 4 |a Replacement rates 
650 4 |a Retirement age 
650 4 |a Retirement ages 
650 4 |a Retirement pensions 
650 4 |a Retirement 
650 4 |a Service pensions 
650 4 |a Survivor pensions 
650 4 |a Tax rate 
650 4 |a Value of pensions 
650 4 |a Wage adjustment 
650 4 |a Wage earners 
650 4 |a Wage growth 
650 4 |a Wage level 
650 4 |a Wage levels 
650 4 |a Wage 
650 4 |a Wages 
650 4 |a Worker 
650 4 |a Working pensioners 
650 7 |a Aging  |2 imf 
650 7 |a Demography  |2 imf 
650 7 |a Economics of the Elderly  |2 imf 
650 7 |a Economics of the Handicapped  |2 imf 
650 7 |a Expenditure  |2 imf 
650 7 |a Labor  |2 imf 
650 7 |a Labour  |2 imf 
650 7 |a Non-labor Market Discrimination  |2 imf 
650 7 |a Nonwage Labor Costs and Benefits  |2 imf 
650 7 |a Pension spending  |2 imf 
650 7 |a Pensions  |2 imf 
650 7 |a Population & demography  |2 imf 
650 7 |a Population aging  |2 imf 
650 7 |a Population and demographics  |2 imf 
650 7 |a Private Pensions  |2 imf 
650 7 |a Public Finance  |2 imf 
650 7 |a Retirement Policies  |2 imf 
650 7 |a Retirement  |2 imf 
650 7 |a Social Security and Public Pensions  |2 imf 
650 7 |a Wages  |2 imf 
650 7 |a Wages, Compensation, and Labor Costs: General  |2 imf 
650 7 |a income economics  |2 imf 
651 0 |a Austria 
651 4 |a Austria 
651 7 |a Austria  |2 fast 
651 7 |a Austria  |2 imf 
700 1 |a Koch, Manfred 
700 1 |a Thimann, Christian 
710 2 |a International Monetary Fund 
776 |z 1-4518-4265-1 
776 0 8 |a Print Version:  |z 9781451842654 
776 0 8 |i Print Version:  |a Thimann, Christian  |t From Generosity to Sustainability: The Austrian Pension System and Options for its Reform  |d Washington, D.C. : International Monetary Fund, 1997.  |z 9781452754345 
830 0 |a IMF Working Papers ;  |v Working Paper No. 97/10 
830 0 |a IMF Working Papers ;  |v Working Paper no. 97/10 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1997/010 
830 0 |a IMF eLibrary 
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