Austria: Selected Issues

September 10, 2013

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Austria: Selected Issues, (USA: International Monetary Fund, 2013) accessed September 18, 2024

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.

Subject: Income tax systems, Labor, Labor taxes, National accounts, Personal income, Social security contributions, Taxes

Keywords: Amount, Cost, CR, Entry income tax tax rate, Euro area average, Family benefit, Family benefit system, Income tax systems, Incurred child care cost, ISCR, Labor taxes, OECD member, Personal income, Share, Social security contributions, Work incentive

Publication Details

Pages:

10
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/281
Stock No:

1AUTEA2013002
ISBN:

9781484394083
ISSN:

1934-7685

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