For decades, the impact that pivotal economic and political institutions have on distinct aspects of overall economic performance has attracted researchers of various fields. One central question concerns the extent to which a country's degree of social partnership is related to important...

After the slump in economic growth between late 2012 and the middle of 2013, the Austrian economy is expected to follow a moderate upward trend, with GDP growth averaging 1.8 percent p.a. over the period 2014-2018. Private consumption in particular will remain subdued, as private households seem...