Knell, Markus; Köhler-Töglhofer, Walpurga; Prammer, Doris - In: Monetary Policy & the Economy (2006) 2, pp. 69-93
This article discusses the most recent pension reforms in Austria, which were mainly triggered by the need to alleviate the budgetary pressure stemming from the age structure of the Austrian population. Using synthetic indicators, derived from the government’s budget constraint, the paper...