{"id":84953,"date":"2024-01-22T08:59:44","date_gmt":"2024-01-22T07:59:44","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/84953\/"},"modified":"2024-11-06T23:49:14","modified_gmt":"2024-11-06T22:49:14","slug":"austrias-old-age-pension-system-in-an-international-comparison-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/84953\/","title":{"rendered":"Austria's Old-Age Pension System in an International Comparison"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-84953","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Adverse demographic trends necessitate reforms of the old-age pension systems in all industrialized countries. By the year 2030, the population of pension age will have increased by more than 70 percent, while the working-age population will have shrunk by 12 percent. EU calculations indicate that in order to safeguard long-term financing of the current system, Austria would have to raise contributions by well over 50 percent, raise the retirement age by 11 years or reduce the net income replacement rate by 45 percent. From an international perspective, Austria has a relatively generous pension system. In view of the very low retirement age and high net income replacement rates, the Austrian system offers sufficient maneuvering room for socially acceptable reforms designed to put the pension system on a sustainable financial basis.","onlinedate":"1998-01-01 01:00:00","lang":"English","publication_series":"","publication_date":"19980101","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Austria's Old-Age Pension System in an International Comparison\"]","jelcodes":"[]","related_publications":"[]","pdf":276110,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"3","monthly_report_pages":"31-42","monthly_report_pages_sort":"31","issue":"1","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[183747],"research_groups":[3510],"collaboration":"","persons":[3593],"persons_data":"[{\"personId\":3593,\"personName\":\"Alois Guger\",\"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>Guger, A.<\\\/span> (1998). <span>Austria's Old-Age Pension System in an International Comparison<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>3<\\\/em>(1), 31-42. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/489\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/489<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Guger A<\\\/span>. <span class=\\\"title\\\"><span>Austria's Old-Age Pension System in an International Comparison<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 1998 Jan;3(1):31-42.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{a2fbbaa1ffb94a89aae2cd620cdf6fad,<\\\/div><div>  title    = \\\"Austria's Old-Age Pension System in an International Comparison\\\",<\\\/div><div>  abstract = \\\"Adverse demographic trends necessitate reforms of the old-age pension systems in all industrialized countries. By the year 2030, the population of pension age will have increased by more than 70 percent, while the working-age population will have shrunk by 12 percent. EU calculations indicate that in order to safeguard long-term financing of the current system, Austria would have to raise contributions by well over 50 percent, raise the retirement age by 11 years or reduce the net income replacement rate by 45 percent. From an international perspective, Austria has a relatively generous pension system. In view of the very low retirement age and high net income replacement rates, the Austrian system offers sufficient maneuvering room for socially acceptable reforms designed to put the pension system on a sustainable financial basis.\\\",<\\\/div><div>  keywords = \\\"Austria's Old-Age Pension System in an International Comparison, Austria's Old-Age Pension System in an International Comparison\\\",<\\\/div><div>  author   = \\\"Alois Guger\\\",<\\\/div><div>  note     = \\\"Pension System\\\",<\\\/div><div>  year     = \\\"1998\\\",<\\\/div><div>  month    = jan,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"3\\\",<\\\/div><div>  pages    = \\\"31--42\\\",<\\\/div><div>  journal  = \\\"Austrian Economic Quarterly\\\",<\\\/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  - Austria's Old-Age Pension System in an International Comparison<\\\/p><p>AU  - Guger, Alois<\\\/p><p>N1  - Pension System<\\\/p><p>PY  - 1998\\\/1<\\\/p><p>Y1  - 1998\\\/1<\\\/p><p>N2  - Adverse demographic trends necessitate reforms of the old-age pension systems in all industrialized countries. By the year 2030, the population of pension age will have increased by more than 70 percent, while the working-age population will have shrunk by 12 percent. EU calculations indicate that in order to safeguard long-term financing of the current system, Austria would have to raise contributions by well over 50 percent, raise the retirement age by 11 years or reduce the net income replacement rate by 45 percent. From an international perspective, Austria has a relatively generous pension system. In view of the very low retirement age and high net income replacement rates, the Austrian system offers sufficient maneuvering room for socially acceptable reforms designed to put the pension system on a sustainable financial basis.<\\\/p><p>AB  - Adverse demographic trends necessitate reforms of the old-age pension systems in all industrialized countries. By the year 2030, the population of pension age will have increased by more than 70 percent, while the working-age population will have shrunk by 12 percent. EU calculations indicate that in order to safeguard long-term financing of the current system, Austria would have to raise contributions by well over 50 percent, raise the retirement age by 11 years or reduce the net income replacement rate by 45 percent. From an international perspective, Austria has a relatively generous pension system. In view of the very low retirement age and high net income replacement rates, the Austrian system offers sufficient maneuvering room for socially acceptable reforms designed to put the pension system on a sustainable financial basis.<\\\/p><p>KW  - Austria's Old-Age Pension System in an International Comparison<\\\/p><p>KW  - Austria's Old-Age Pension System in an International Comparison<\\\/p><p>M3  - WIFO series<\\\/p><p>VL  - 3<\\\/p><p>SP  - 31<\\\/p><p>EP  - 42<\\\/p><p>JO  - Austrian Economic Quarterly<\\\/p><p>JF  - Austrian Economic Quarterly<\\\/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>Austria&#039;s Old-Age Pension System in an International Comparison - 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