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Aging, Labor Markets and Pension Reform in Austria Author info | Abstract | Publisher info | Download info | Related research | Statistics Keuschnigg Christian (University of St.Gallen)
Keuschnigg Mirela (University of St.Gallen)
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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 labor supply both in terms of job search intensity, leading to lower unemployment rates, and hours worked.
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Paper provided by EconWPA in its series GE, Growth, Math methods with number
0404002.
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Date of creation: 06 Apr 2004Date of revision:
Handle: RePEc:wpa:wuwpge:0404002Note: Type of Document - pdf. University of St.Gallen Economics Working Paper No 2004-03, January 2004Contact details of provider: Web page: http://129.3.20.41
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Keywords: Pension reform demographic change unemployment Other versions of this item:
Find related papers by JEL classification: C68 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Computable General Equilibrium Models D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy J64 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment: Models, Duration, Incidence, and Job Search H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
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