Abstract WP15-01

This paper describes the methodology for generating National Transfer Accounts (NTA) by education for Austria 2010 and presents the key results. NTA by education describe important aspects of the economic behaviour such as the generation of income, the use of transfer systems, consumption and saving by age and by education level. Education shifts key stages of the economic life course to higher ages: Higher educated persons enter the labour market later, they have children later in life and on average they retire at a higher age. Persons with higher education have higher average incomes and consequently higher consumption levels. They pay higher contributions to the public transfer systems during working life and receive higher transfers in childhood and old age.

Keywords: National Transfer Accounts, Economic Life Course