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...

Led by a dynamic export growth real GDP in Austria grew by 2 percent in 2010. Between 2011 until 2015 the Austrian economy is expected to grow by 2.2 percent. The annual growth rate of trend output will average at 1.7 percent in the forecast period, ¼ percentage point below the average of the...

Real gross domestic product will expand by 2.2 percent per year during 2011-2015. The unemployment rate (according to the Public Employment Service Austria, AMS) will amount to 6.8 percent on average during 2011-2015. Due to increasing foreign and domestic labour supply labour market conditions...

In this paper we challenge the traditional labour market view, which argues that unemployment is determined in the long-term by its equilibrium rate, which in turn is affected by permanent shocks of some exogenous variables. In our empirical approach we decompose the dynamics of employment and...

In the course of 2004, cyclical stimulus from the USA will lead to a recovery also in Europe that should continue over the whole projection period. The major risk derives at present from the high euro exchange rate which may hold back the momentum of the European economy. Under such external...

At 1.3 percent per year the Austrian economy will expand only half as rapidly in 2009-2013 as in 2004-2008 (2.7 percent per year). The current forecast period is characterised by very heterogeneous developments: during 2009 and 2010 the Austrian economy will be fully hit by the international...

The Austrian economy is expected to grow by 2.1 percent per year until 2010, exceeding the average rate for the euro area. The increase in external demand and the high competitiveness of domestic companies will drive exports in the years to come. The upgrading of the transportation...