De-standardisation of Employment Histories and Repercussions on Old-age Provision
The study examines the dimensions of precarious employment in Austria and the repercussions on the old-age pension system. About two thirds of the dependent active employees (66.2 percent; about 2.8 million persons) and thus the majority are still stable employed, i.e., employed over the entire calendar year. However, the proportion of unstable employees has risen significantly in recent decades. Among employees without Austrian citizenship the figure has risen up to 55.3 percent. Unstable employees have also suffered real wage losses in the past 1.5 decades. Contributions to statutory pension insurance have hardly been curbed so far respectively has so far hardly been dampened by the rising share of unstable employment relationships, since the income dynamics of stable employment relationships have largely compensated for the weak premium development of the unstable segment.