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variables. -- age specific productivity ; demographic change ; model simulation …We integrate age specific productivity differentials into a long-run neoclassical growth model for the Austrian economy … with a highly disaggregated labor supply structure. We assume two life time productivity profiles reflecting either small …
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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...
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