Thursday, August 24, 2006

More sustainable Austrian pensions [AU]

Today, NZZ has an article (not available online) referring to an assessment of the recent triad of pension reforms in Austria, published by the Austrian National Bank. (The article is likely to appear in English here soon, too.)

In essence, the authors conclude that the reforms have improved fiscal sustainability in Austria. The most important factors to that end were - unsurprisingly - higher average pension age and lowered pensions.

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