TY - BOOK ID - 84540450 TI - From Generosity to Sustainability : The Austrian Pension System and Options for its Reform AU - Thimann, Christian. AU - Koch, Manfred. PY - 1997 SN - 1462375324 1452754349 1281603902 9786613784599 1451890818 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Labor KW - Public Finance KW - Demography KW - Social Security and Public Pensions KW - Nonwage Labor Costs and Benefits KW - Private Pensions KW - Economics of the Elderly KW - Economics of the Handicapped KW - Non-labor Market Discrimination KW - Retirement KW - Retirement Policies KW - Wages, Compensation, and Labor Costs: General KW - Pensions KW - Population & demography KW - Labour KW - income economics KW - Pension spending KW - Aging KW - Wages KW - Expenditure KW - Population and demographics KW - Population aging KW - Austria UR - https://www.unicat.be/uniCat?func=search&query=sysid:84540450 AB - Austria has probably the world’s highest pension expenditures relative to its economic size, largely because of the generosity of its pension system. This paper examines the institutional setup of the Austrian pension system and projects its future development based on current policies. The projection results show a swift financial worsening. With the already high level of contribution rates, pension expenditures, and budget transfers, the results underscore the need for reform. Much of this reform can, however, be achieved by maintaining the structure of the system and adjusting some of its key parameters. The paper outlines options for such a reform. ER -