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Additional resources for Ageing And Employment Policies: Austria
AGEING AND EMPLOYMENT POLICIES: AUSTRIA – ISBN-92-64-01008-4 © OECD 2005 CHAPTER 1. 2. – 45 Population trends by broad age groups in Austria, 1970-2050 2000=100 0-19 20-49 200 50-64 Actual 65+ Total Projected 180 160 140 120 100 80 60 1970 1980 1990 2000 2010 2020 2030 2040 2050 Source: Statistics Austria. The six alternative population scenarios published by Statistics Austria demonstrate the range of projected age structure changes. By 2020, the proportion of the population aged 65 years and over will in all cases reach 20-22%.
The National Trend scenario is the most recent projection from Statistics Austria (ÖROK/Statistics Austria, 2004) until 2030; it assumes significant increases in participation rates of older workers in response to recent pension reform and in those of women aged 25 years and over. Participation rates are also assumed to remain unchanged after 2030. b) National trend scenario figures adjusted to the 2000 OECD Labour Force Survey. Source: ÖROK/Statistics Austria (2004) and OECD estimates based on labour force surveys.
From around 2035 onwards, there will be more people aged over 75 than children younger than 15. The social and economic implications are significant. 3 Added 2. This figure includes spending for civil servants’ pensions, often left out in international comparison. Currently, spending for this group accounts for around 4% of GDP or 28% of total pension spending. 3. With the 2003 pension reform, public pension spending increases were projected to be around one percentage point lower by 2035 and by 2050 compared with the prereform situation.