Economic policy talks: 5 to 12 in the pension system
DI Johannes Berger
Head of the Labour Market and Social Security Research Section
The Chamber of Commerce and the Institute for Advanced Studies hosted another event in the Economic Policy Talks series on October 24, 2013, this time entitled "5 to 12 in the pension system".
In a few years, the strong baby boomer cohorts will retire. Public spending on pensions is set to increase by a further 2.6% of GDP by 2035. Almost all EU countries are adapting their pension systems much faster than Austria, for example with regard to the retirement age for women. Austria must therefore quickly answer the following questions: Should the retirement age be linked to rising life expectancy? How quickly should the retirement age for women be brought into line with that of men? What is the impact on the labor market? What is the experience of other countries?
