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Important challenges for the future of Austrian well-being arise from demographic and environmental trends. The ageing of the population calls for a fair balance between life-time pension contributions and entitlements, drawing on the recent pension reform.
Austria enjoys strong material well-being and high quality of life. Steady convergence with top GDP
per capita levels translated into decisive improvements in household disposable incomes while significant redistribution has ensured low income inequality and poverty.
The highly regarded Austrian health system delivers good quality and easily accessible services, but is costly.
- Economic Survey of Austria 2011
This working paper discusses Austria’s innovation performance, its innovation policies, and general framework conditions for innovation and growth.
- Economic survey of Austria 2007