Over the past 35 years, employment in Austria grew at a slower pace than the EU average. Massive shifts in employment occurred away from shrinking and towards expanding sectors, and new jobs were created primarily in the public sector. Annual working hours declined precipitously over the period,...

This article is the result of a joint research and forecasting effort of the Austrian Institute of Economic Research (WIFO) and the Austrian Central Statistical Office (ÖSTAT). The projection of the labor force participation rates was performed by WIFO based on the WIFO database of the Austrian...

Globalisation and the ageing of the work force represent a dual challenge for enterprises. The first exerts pressure on production costs in order to stay competitive, the second raises production costs as the productivity of workers tends to decline after a certain age, particularly for...