Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/72272
Authors: 
Baumgartner, Josef
Hofer, Helmut
Kaniovski, Serguei
Schuh, Ulrich
Url, Thomas
Year of Publication: 
2004
Series/Report no.: 
Reihe Ökonomie / Economics Series, Institut für Höhere Studien (IHS) 163
Abstract: 
In this study we use a long run macroeconomic model for Austria to simulate the effects of aging on employment, output growth, and the solvency of the social security system. By disaggregating the population into six age cohorts and modelling sex specific participation rates for each cohort, we are able to account for the future demographic trends. Apart from a baseline scenario, we perform three alternative simulations that highlight the effects of aging from different perspectives. These include (1) purely demographic developments, (2) increasing labour market imperfections, and (3) higher economic growth due to a productivity shock.
Subjects: 
economic growth
aging
Austria
JEL: 
C6
E2
O4
Document Type: 
Working Paper

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