Austria Selected Issues

This paper focuses on Austria's 2013 Article IV Consultation on economic development and policies related to labor demand and supply. Austria taxes labor heavily, and this practice explains in particular the limited labor supply of low-skilled workers and women. The IMF report highlights that s...

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Bibliographic Details
Corporate Author: International Monetary Fund European Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2013
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Austria  |b Selected Issues 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2013 
300 |a 10 pages 
651 4 |a Austria 
653 |a Personal Income, Wealth, and Their Distributions 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a Public finance & taxation 
653 |a Social security contributions 
653 |a Labor economics 
653 |a Social security 
653 |a Taxation 
653 |a Labour 
653 |a Labor Economics: General 
653 |a Welfare & benefit systems 
653 |a Income economics 
653 |a Personal income 
653 |a Income tax 
653 |a Personal Income and Other Nonbusiness Taxes and Subsidies 
653 |a National accounts 
653 |a Labor taxes 
653 |a Income 
653 |a Income tax systems 
653 |a Labor 
653 |a Macroeconomics 
653 |a Taxes 
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520 |a This paper focuses on Austria's 2013 Article IV Consultation on economic development and policies related to labor demand and supply. Austria taxes labor heavily, and this practice explains in particular the limited labor supply of low-skilled workers and women. The IMF report highlights that social security contributions and payroll taxes amount to almost 50 percent of gross monthly wages. It analyzes that a comparatively high share of Austria's family benefits is monetary rather than in kind. Work incentives for low-skilled workers could be strengthened by selectively lowering social security contributions and/or payroll taxes, and reducing the entry income tax rate