IDEAS home Printed from https://ideas.repec.org/b/wfo/wstudy/46830.html
   My bibliography  Save this book

A Long-run Macroeconomic Model of the Austrian Economy (A-LMM). New Results

Author

Listed:
  • Serguei Kaniovski
  • Thomas Url

    (WIFO)

  • Helmut Hofer
  • Sandra Müllbacher

    (Institute for Advanced Studies)

Abstract

In this short report we present simulations based on an updated version of A-LMM, the Austrian Long-run Macroeconomic Model. In addition to a baseline scenario based on the main population projection of Statistics Austria, we simulate the effects of low and high migration, high life expectancy rates, and high or low growth of labour productivity on the macroeconomic development in Austria till 2070. We also compare the new results with results from the previous update in 2010.

Suggested Citation

  • Serguei Kaniovski & Thomas Url & Helmut Hofer & Sandra Müllbacher, 2013. "A Long-run Macroeconomic Model of the Austrian Economy (A-LMM). New Results," WIFO Studies, WIFO, number 46830.
    • Handle: RePEc:wfo:wstudy:46830
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/46830
    File Function: abstract
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ray Barrell & Catherine Guillemineau & Iana Liadze, 2006. "Migration in Europe," National Institute Economic Review, National Institute of Economic and Social Research, vol. 198(1), pages 36-39, October.
    2. Rebecca Riley & Garry Young, 2007. "Skill heterogeneity and equilibrium unemployment," Oxford Economic Papers, Oxford University Press, vol. 59(4), pages 702-725, October.
    3. Roman Raab, 2011. "Financial incentives in the Austrian PAYG-pension system: micro-estimation," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 38(2), pages 231-257, May.
    4. Andreas Ravndal Kostol & Magne Mogstad, 2014. "How Financial Incentives Induce Disability Insurance Recipients to Return to Work," American Economic Review, American Economic Association, vol. 104(2), pages 624-655, February.
    5. Solow, Robert M., 2000. "Growth Theory: An Exposition," OUP Catalogue, Oxford University Press, edition 2, number 9780195109030.
    6. Giuseppe Carone, 2005. "Long-Term Labour Force Projections for the 25 EU Member States:A set of data for assessing the economic impact of ageing," Labor and Demography 0512006, University Library of Munich, Germany.
    7. Peter Scherer, 2002. "Age of Withdrawal from the Labour Force in OECD Countries," OECD Labour Market and Social Policy Occasional Papers 49, OECD Publishing.
    8. Thomas URL & Josef BAUMGARTNER & Helmut HOFER & Serguei KANIOVSKI & Andreas U. SCHUH, 2010. "A Long-run Macroeconomic Model of the Austrian Economy (A-LMM)," EcoMod2004 330600143, EcoMod.
    9. Tibor Hanappi, 2012. "Retirement Behaviour in Austria: Incentive Effects on Old-Age Labor Supply," NRN working papers 2012-13, The Austrian Center for Labor Economics and the Analysis of the Welfare State, Johannes Kepler University Linz, Austria.
    10. Josef Baumgartner & Helmut Hofer & Serguei Kaniovski & Ulrich Schuh & Thomas Url, 2004. "A Long-run Macroeconomic Model of the Austrian Economy (A-LMM). Model Documentation and Simulations," WIFO Working Papers 224, WIFO.
    11. Lars Peter Hansen & James J. Heckman, 1996. "The Empirical Foundations of Calibration," Journal of Economic Perspectives, American Economic Association, vol. 10(1), pages 87-104, Winter.
    12. J.J. Heckman & E.E. Leamer (ed.), 2001. "Handbook of Econometrics," Handbook of Econometrics, Elsevier, edition 1, volume 5, number 5, March.
    13. Campolieti, Michele & Riddell, Chris, 2012. "Disability policy and the labor market: Evidence from a natural experiment in Canada, 1998–2006," Journal of Public Economics, Elsevier, vol. 96(3), pages 306-316.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Serguei Kaniovski & Thomas Url & Helmut Hofer & Viola Garstenauer, 2021. "A Long-run Macroeconomic Model of the Austrian Economy (A-LMM 2.0). New Results (2021)," WIFO Studies, WIFO, number 67377.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Serguei Kaniovski & Thomas Url & Helmut Hofer & Sandra Müllbacher, 2014. "A Long-run Macroeconomic Model of the Austrian Economy (A-LMM). New Results (2014)," WIFO Studies, WIFO, number 47254.
    2. Serguei Kaniovski & Thomas Url & Helmut Hofer & Viola Garstenauer, 2021. "A Long-run Macroeconomic Model of the Austrian Economy (A-LMM 2.0). New Results (2021)," WIFO Studies, WIFO, number 67377.
    3. Stefan Ederer & Jürgen Janger & Serguei Kaniovski & Daniela Kletzan-Slamanig & Johannes Berger & Ines Fortin & Helmut Hofer & Iain Paterson & Edith Skriner & Karin Schönpflug & Ulrich Schuh & Wolfgang, 2011. "Assessing the Lisbon Strategy 2005-2010 and Estimating Expected Effects from Reaching the EU 2020 Goals," WIFO Studies, WIFO, number 41747.
    4. Hofer, Helmut & Url, Thomas, 2005. "Growth Effects of Age-related Productivity Differentials in an Ageing Society. A Simulation Study for Austria," Economics Series 179, Institute for Advanced Studies.
    5. Josef Baumgartner & Helmut Hofer & Serguei Kaniovski & Ulrich Schuh & Thomas Url, 2006. "Employment and growth in an aging society: a simulation study for Austria," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 33(1), pages 19-33, March.
    6. Thomas Url & Rob J Hyndman & Alexander Dokumentov, 2016. "Long-term forecasts of age-specific participation rates with functional data models," Monash Econometrics and Business Statistics Working Papers 3/16, Monash University, Department of Econometrics and Business Statistics.
    7. Chiara Dal Bianco, 2023. "Disability Insurance and the Effects of Return-to-work Policies," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 49, pages 351-373, July.
    8. Zaresani, Arezou & Olivo-Villabrille, Miguel, 2022. "Return-to-work policies’ clawback regime and labor supply in disability insurance programs," Labour Economics, Elsevier, vol. 78(C).
    9. Moore, Timothy J., 2015. "The employment effects of terminating disability benefits," Journal of Public Economics, Elsevier, vol. 124(C), pages 30-43.
    10. Philippe Ruh & Stefan Staubli, 2019. "Financial Incentives and Earnings of Disability Insurance Recipients: Evidence from a Notch Design," American Economic Journal: Economic Policy, American Economic Association, vol. 11(2), pages 269-300, May.
    11. Deuchert, Eva & Eugster, Beatrix, 2019. "Income and substitution effects of a disability insurance reform," Journal of Public Economics, Elsevier, vol. 170(C), pages 1-14.
    12. Monika Bütler & Eva Deuchert & Michael Lechner & Stefan Staubli & Petra Thiemann, 2015. "Financial work incentives for disability benefit recipients: lessons from a randomised field experiment," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 4(1), pages 1-18, December.
    13. Gordon B. Dahl & Andreas Ravndal Kostøl & Magne Mogstad, 2014. "Family Welfare Cultures," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 129(4), pages 1711-1752.
    14. Judit Vall Castelló, 2017. "What happens to the employment of disabled individuals when all financial disincentives to work are abolished?," Health Economics, John Wiley & Sons, Ltd., vol. 26(S2), pages 158-174, September.
    15. Andersson, Josefine, 2018. "Financial incentives to work for disability insurance recipients - Sweden’s special rules for continuous deduction," Working Paper Series 2018:7, IFAU - Institute for Evaluation of Labour Market and Education Policy.
    16. Andreas Haller & Stefan Staubli & Josef Zweimüller, 2024. "Designing Disability Insurance Reforms: Tightening Eligibility Rules or Reducing Benefits?," Econometrica, Econometric Society, vol. 92(1), pages 79-110, January.
    17. Gordon B. Dahl & Anne C. Gielen, 2021. "Intergenerational Spillovers in Disability Insurance," American Economic Journal: Applied Economics, American Economic Association, vol. 13(2), pages 116-150, April.
    18. Url, Thomas, 2011. "Betriebliche und private Altersvorsorge in Österreich: Durchführungswege und Kosten für die öffentliche Hand," Sozialpolitische Studienreihe, Government of Austria, Federal Ministry of Social Affairs, Health, Care and Consumer Protection, Vienna, volume 6, number 6, July.
    19. Paukkeri, Tuuli & Ravaska, Terhi, 2024. "Labour supply responses to reducing the risk of losing disability insurance benefits," Working Papers 163, VATT Institute for Economic Research.
    20. Zaresani, Arezou, 2020. "Adjustment cost and incentives to work: Evidence from a disability insurance program," Journal of Public Economics, Elsevier, vol. 188(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wfo:wstudy:46830. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Mayr (email available below). General contact details of provider: https://edirc.repec.org/data/wifooat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.