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This paper studies actuarial neutrality in the Austrian pension system. It is often argued that actuarial neutrality constitutes an incentive for people to retire. We show that there are almost no financial incentives within the Austrian pension corridor when we use the traditional definition of...
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paper gives an overview of recent trends in the growth of real value added, labour productivity and employment as well as of … demographic scenarios. Based on these trends, the hypothetical increase of labour productivity growth which would be required to … that the hypothetical labour productivity growth rate required is about one percentage point higher than the actual growth …
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