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From Generosity to Sustainability
Mr.Christian ThimannMr.Manfred Koch
其他書名
The Austrian Pension System and Options for its Reform
出版International Monetary Fund, 1997-01-01
主題Business & Economics / Labor / GeneralBusiness & Economics / Public FinanceSocial Science / Demography
ISBN14518426519781451842654
URLhttp://books.google.com.hk/books?id=dk4YEAAAQBAJ&hl=&source=gbs_api
EBookSAMPLE
註釋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.