{"id":84047,"date":"2024-01-22T08:52:55","date_gmt":"2024-01-22T07:52:55","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/84047\/"},"modified":"2024-11-06T23:41:48","modified_gmt":"2024-11-06T22:41:48","slug":"fiskalwirkungen-einer-anhebung-des-mindestalters-fuer-eine-vorzeitige-alterspension-am-beispiel-der-pensionszugangskohorte-1994","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/84047\/","title":{"rendered":"Savings from an Increase in the Retirement Age and the Employment Potential of Older Workers"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-84047","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"If the retirement age is raised the financial burden on public households is lowered in two ways: through a reduction in pension payments and through the increase in income tax revenues and social security contributions. Two effects diminish the savings potential, however: first, some of those who enter into early retirement would otherwise draw unemployment benefits; second, for some employees, a longer working life results in higher pension benefits. If in 1994 the proposed increase of two years in the minimum age for early retirement had been implemented, some 29,000 persons would have had to postpone their retirement. Assuming there is no change in any other legal regulations, the direct fiscal effects amount to savings of Sch 4.962 billion in the first year and of Sch 3.118 billion in the second year. Higher pension benefits for the remaining lifetime result in higher costs. The overall value of discounted savings for 1994 totals Sch 3.254 billion. The results depend to a large extent on the proportion of employees who would be unemployed if the retirement age were raised. This share was put at 40 percent and is equal to the proportion of persons entering into early retirement in 1993 who had been unemployed before retirement. A decrease in the proportion of unemployed to 30 percent would increase total savings to Sch 4.975 billion, an increase to 50 percent would depress total savings to Sch 1.527 billion. This study clearly shows that the fiscal effects of an increase in the retirement age depend to a large measure on how well older workers can be integrated into the labor market.","onlinedate":"1996-01-01 01:00:00","lang":"German","publication_series":"","publication_date":"19960101","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":275360,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"69","monthly_report_pages":"83-88","monthly_report_pages_sort":"83","issue":"1","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3510],"collaboration":"","persons":[4071],"persons_data":"[{\"personId\":4071,\"personName\":\"Hedwig Lutz\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Lutz, H.<\\\/span> (1996). <span>Fiskalwirkungen einer Anhebung des Mindestalters f\u00fcr eine vorzeitige Alterspension. Am Beispiel der Pensionszugangskohorte 1994<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>69<\\\/em>(1), 83-88. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/279\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/279<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Lutz H<\\\/span>. <span class=\\\"title\\\"><span>Fiskalwirkungen einer Anhebung des Mindestalters f\u00fcr eine vorzeitige Alterspension. Am Beispiel der Pensionszugangskohorte 1994<\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 1996 Jan;69(1):83-88.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{024f2e6b9a434ea98aa1b969bd2b43e2,<\\\/div><div>  title    = \\\"Fiskalwirkungen einer Anhebung des Mindestalters f{\\\\\\\"u}r eine vorzeitige Alterspension. Am Beispiel der Pensionszugangskohorte 1994\\\",<\\\/div><div>  abstract = \\\"Von einer Erh{\\\\\\\"o}hung des Mindestalters f{\\\\\\\"u}r eine vorzeitige Alterspension um zwei Jahre wird eine sp{\\\\\\\"u}rbare Entlastung der {\\\\\\\"o}ffentlichen Haushalte erwartet. Bei der Ermittlung der direkten Fiskalwirkungen mu{\\\\ss} jedoch zwischen kurzfristig wirksamen und langfristigen Effekten unterschieden werden. Die kurzfristige Ersparnis ist umso h{\\\\\\\"o}her, je st{\\\\\\\"a}rker es gelingt, {\\\\\\\"a}ltere Arbeitskr{\\\\\\\"a}fte in den Arbeitsmarkt zu integrieren. L{\\\\\\\"a}ngerfristig resultieren f{\\\\\\\"u}r die restliche Lebenszeit der Betroffenen aus dem sp{\\\\\\\"a}teren Pensionsantritt relativ h{\\\\\\\"o}here laufende Pensionen (bei gegebenen gesetzlichen Regelungen). F{\\\\\\\"u}r die Pensionskohorte 1994 etwa w{\\\\\\\"u}rde der Barwert der Ersparnis f{\\\\\\\"u}r die {\\\\\\\"o}ffentlichen Haushalte insgesamt rund 3\u00bc Mrd. S betragen, wenn 40\\\\% der Betroffenen arbeitslos sind.\\\",<\\\/div><div>  keywords = \\\"Fiskalwirkungen einer Anhebung des Mindestalters f{\\\\\\\"u}r eine vorzeitige Alterspension. Am Beispiel der Pensionszugangskohorte 1994; Savings from an Increase in the Retirement Age and the Employment Potential of Older Workers\\\",<\\\/div><div>  author   = \\\"Hedwig Lutz\\\",<\\\/div><div>  year     = \\\"1996\\\",<\\\/div><div>  month    = jan,<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"69\\\",<\\\/div><div>  pages    = \\\"83--88\\\",<\\\/div><div>  journal  = \\\"WIFO-Monatsberichte\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Fiskalwirkungen einer Anhebung des Mindestalters f\u00fcr eine vorzeitige Alterspension. Am Beispiel der Pensionszugangskohorte 1994<\\\/p><p>AU  - Lutz, Hedwig<\\\/p><p>PY  - 1996\\\/1<\\\/p><p>Y1  - 1996\\\/1<\\\/p><p>N2  - Von einer Erh\u00f6hung des Mindestalters f\u00fcr eine vorzeitige Alterspension um zwei Jahre wird eine sp\u00fcrbare Entlastung der \u00f6ffentlichen Haushalte erwartet. Bei der Ermittlung der direkten Fiskalwirkungen mu\u00df jedoch zwischen kurzfristig wirksamen und langfristigen Effekten unterschieden werden. Die kurzfristige Ersparnis ist umso h\u00f6her, je st\u00e4rker es gelingt, \u00e4ltere Arbeitskr\u00e4fte in den Arbeitsmarkt zu integrieren. L\u00e4ngerfristig resultieren f\u00fcr die restliche Lebenszeit der Betroffenen aus dem sp\u00e4teren Pensionsantritt relativ h\u00f6here laufende Pensionen (bei gegebenen gesetzlichen Regelungen). F\u00fcr die Pensionskohorte 1994 etwa w\u00fcrde der Barwert der Ersparnis f\u00fcr die \u00f6ffentlichen Haushalte insgesamt rund 3\u00bc Mrd. S betragen, wenn 40% der Betroffenen arbeitslos sind.<\\\/p><p>AB  - Von einer Erh\u00f6hung des Mindestalters f\u00fcr eine vorzeitige Alterspension um zwei Jahre wird eine sp\u00fcrbare Entlastung der \u00f6ffentlichen Haushalte erwartet. Bei der Ermittlung der direkten Fiskalwirkungen mu\u00df jedoch zwischen kurzfristig wirksamen und langfristigen Effekten unterschieden werden. Die kurzfristige Ersparnis ist umso h\u00f6her, je st\u00e4rker es gelingt, \u00e4ltere Arbeitskr\u00e4fte in den Arbeitsmarkt zu integrieren. L\u00e4ngerfristig resultieren f\u00fcr die restliche Lebenszeit der Betroffenen aus dem sp\u00e4teren Pensionsantritt relativ h\u00f6here laufende Pensionen (bei gegebenen gesetzlichen Regelungen). F\u00fcr die Pensionskohorte 1994 etwa w\u00fcrde der Barwert der Ersparnis f\u00fcr die \u00f6ffentlichen Haushalte insgesamt rund 3\u00bc Mrd. S betragen, wenn 40% der Betroffenen arbeitslos sind.<\\\/p><p>KW  - Fiskalwirkungen einer Anhebung des Mindestalters f\u00fcr eine vorzeitige Alterspension. Am Beispiel der Pensionszugangskohorte 1994; Savings from an Increase in the Retirement Age and the Employment Potential of Older Workers<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 69<\\\/p><p>SP  - 83<\\\/p><p>EP  - 88<\\\/p><p>JO  - WIFO-Monatsberichte<\\\/p><p>JF  - WIFO-Monatsberichte<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Savings from an Increase in the Retirement Age and the Employment Potential of Older Workers - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/84047\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Savings from an Increase in the Retirement Age and the Employment Potential of Older Workers\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/84047\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-06T22:41:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/84047\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/84047\\\/\",\"name\":\"Savings from an Increase in the Retirement Age and the Employment Potential of Older Workers - 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