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Vorausschätzungen für die Entwicklung der Gesamtbevölkerung und der Beschäftigung in Österreich bis 2035
[Projections of the Development of Population and Employment in Austria until 2035]

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  • Biehl, Kai
  • Fent, Thomas

Abstract

This paper investigates the future development of the Austrian population for the period from 2005 to 2035. The main focus of our investigation lies on the working age population and its age structure. Our calculations are based on the population projection released by Statistik Austria in 2005. We present three different scenarios with respect to age specific labour force participation rates and discuss their impact on the Austrian labour force. We show that both the main variant and the low migration variant of the population projection allow for an annual increase in the total size of labour force of 0.3% until the end of our observation period by applying labour force participation rates which are already put into practice in the Nordic countries. An increase in labour force participation rates does not only help to maintain an increase in the labour force but also leads to a more homogenous age distribution of the labour force.

Suggested Citation

  • Biehl, Kai & Fent, Thomas, 2007. "Vorausschätzungen für die Entwicklung der Gesamtbevölkerung und der Beschäftigung in Österreich bis 2035 [Projections of the Development of Population and Employment in Austria until 2035]," MPRA Paper 2877, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:2877
    as

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    File URL: https://mpra.ub.uni-muenchen.de/2877/1/MPRA_paper_2877.pdf
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    References listed on IDEAS

    as
    1. Fair, Ray C & Dominguez, Kathryn M, 1991. "Effects of the Changing U.S. Age Distribution on Macroeconomic Equations," American Economic Review, American Economic Association, vol. 81(5), pages 1276-1294, December.
    2. Oded Galor & Omer Moav, 2004. "From Physical to Human Capital Accumulation: Inequality and the Process of Development," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 71(4), pages 1001-1026.
    3. Paul Beaudry & Fabrice Collard, 2003. "Recent Technological and Economic Change among Industrialized Countries: Insights from Population Growth," Scandinavian Journal of Economics, Wiley Blackwell, vol. 105(3), pages 441-464, September.
    4. Shane M. Greenstein (ed.), 2006. "Computing," Books, Edward Elgar Publishing, number 3171.
    5. Schneider, Lutz, 2006. "Sind ältere Beschäftigte weniger produktiv? Eine empirische Analyse anhand des LIAB," IWH Discussion Papers 13/2006, Halle Institute for Economic Research (IWH).
    6. Laurence J. Kotlikoff & David A. Wise, 1989. "Employee Retirement and a Firm's Pension Plan," NBER Chapters, in: The Economics of Aging, pages 279-334, National Bureau of Economic Research, Inc.
    7. Alexia Prskawetz & Thomas Fent, 2007. "Workforce Ageing And The Substitution Of Labour: The Role Of Supply And Demand Of Labour In Austria," Metroeconomica, Wiley Blackwell, vol. 58(1), pages 95-126, February.
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    Cited by:

    1. Grafeneder-Weissteiner, Theresa & Prettner, Klaus, 2009. "Agglomeration and population aging in a two region model of exogenous growth," Department of Economics Working Paper Series 125, WU Vienna University of Economics and Business.

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    More about this item

    Keywords

    ageing; age structure; labour force; labour force participation rates;
    All these keywords.

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J18 - Labor and Demographic Economics - - Demographic Economics - - - Public Policy
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

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