Employment and Growth in an Aging Society: A Simulation Study for Austria

Baumgartner, Josef and Hofer, Helmut and Kaniovski, Serguei and Schuh, Ulrich and Url, Thomas (November 2004) Employment and Growth in an Aging Society: A Simulation Study for Austria. IHS Economics Series 163

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Abstract or Table of Contents

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.;

Item Type: IHS Series
Keywords: 'Economic growth' 'Aging' 'Austria'
Classification Codes (e.g. JEL): C6, E2, O4
Status: Published
Date Deposited: 26 Sep 2014 10:38
Last Modified: 21 Jul 2017 16:40
URI: http://irihs.ihs.ac.at/id/eprint/1602

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