Labour market effects of Austrian foreign trade

Client/Funding Institution

Austrian Federal Ministry of Labour and Economy

Abstract

Around a third of Austria’s GDP can be attributed to export activities in value added terms and accordingly, around a quarter of employment is directly and indirectly linked to exports. Export markets might undergo a profound change over the next years. Further the labour market will be affected by major changes in the coming years due to demographic developments. This study is therefore dedicated to the interaction between the Austrian export economy and the labour market, whereby two central topics are addressed and linked: Firstly, the expected effects of structural change in foreign trade on the demand for labour in Austria are analysed and quantified. Secondly, the development of the labour supply is discussed and compared with the analyses of the development of labour demand. The aim is to quantitatively analyse the development of employment given the demographic developments on the one hand and the expected structural developments and effects on employment stemming from Austrian foreign trade on the other.

Duration

November 2023 - September 2024

wiiw team Leader

Robert Stehrer

wiiw Staff

Birgit Buschbom, Oliver Reiter, Stella Sophie Zilian

Countries covered: Austria

Research Areas: Labour, Migration and Income Distribution

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