Austria : Selected Issues

Publication Date: September 10, 2013

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Summary: 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.
Series: IMF Staff Country Reports
Subject(s): Labor taxes | Labor supply | Women | Labor markets | Selected issues | Austria

Publication Date: September 10, 2013
ISBN/ISSN: 9781484394083/1934-7685 Format: Paper
Stock No: 1AUTEA2013002 Pages: 10
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