Robert Holzmann
Robert Holzmann (born February 27, 1949, in Leoben, Austria) is an Austrian economist and since September 1, 2019 Governor of Austria's central bank, the Oesterreichische Nationalbank (OeNB),.
From 1997 to 2011, he held various positions at the World Bank in Washington, D.C., USA, including Sector Director (1997–2009), Research Director (2009–2011) and Acting Senior Vice President (2002–2003). Before and thereafter he held positions in academia and international organizations.
Education and academic career
After graduating from school, Robert Holzmann studied economics at the University of Graz, Austria, where he earned his master's degree in 1972. He continued his studies as a PhD student at the Université Grenoble Alpes, France, in 1972–1973 and at the University of Graz until 1975, before receiving his doctor's degree[1] from the University of Vienna, Austria, in 1977. In 1983, also at the University of Vienna, he obtained his habilitation degree for his thesis on the topic Lifetime income and distributional aspects: intra- and interpersonal aspects.[2] At the economic faculty he was research and teaching staff to Professor Alexander Van der Bellen, now Federal President of the Republic of Austria. Robert Holzmann was appointed Associate Professor of Economics at the University of Vienna in 1990. Since 2014, he has been a Full Member of the Austrian Academy of Sciences.
Professional career
From 1985, Robert Holzmann worked for the Organisation for Economic Co-operation and Development (OECD) in Paris, France, and from 1988 as a senior economist for the International Monetary Fund (IMF) in Washington, D.C., USA. In 1992, he assumed a full professorship in International Economic Relations and European Economics at Saarland University in Saarbrücken, Germany, where he also served as Executive Director of the Europa-Institut. In 1997, World Bank President James D. Wolfensohn appointed Robert Holzmann Sector Director and Sector Board Head in Social Protection and Labor at the World Bank in Washington, D.C., USA. In 2002–2003, he also served as Acting Senior Vice President of the World Bank, and from 2009 as a Research Director. In addition, he was a long-term head of the Ludwig Boltzmann Institute (LBI) for the analysis of economic policy activities in Vienna, Austria.
In 2003, Robert Holzmann became Research Fellow at today's IZA Institute of Labor Economics in Bonn, Germany, and he is also Research Network Fellow of CESifo in Munich, Germany. He also held visiting professorships, inter alia, at Hitotsubashi University, Tokyo, Japan (1991), the Pontifical Catholic University of Chile, Santiago de Chile (1995), the Southwestern University of Finance and Economics, Chengdu, China (honorary professorship, 2010), and the University of New South Wales, Sydney, Australia (honorary professorship, 2013). From 2012 to 2015, he held a foundation´ chair at the University of Malaya in Kuala Lumpur, Malaysia, where he became Distinguished Research Fellow in 2016.
Since September 2019, Robert Holzmann has been Governor of the Oesterreichische Nationalbank (OeNB). In this capacity, he is also member of the Governing Council of the European Central Bank (ECB), Austria's governor on the International Monetary Fund's Board of Governors and member of the General Board of the European Systemic Risk Board (ESRB). In addition, he attends the All Governors’ Meetings of the Bank for International Settlements (BIS).
Publications
39 books, 94 contributions to books, 48 articles in refereed journals, 29 articles in non-refereed economic policy journals, 22 other publications and numerous discussion papers, research papers and strategic papers in German, English, French and Spanish. A number of books and articles have been translated into Arabic, Chinese, German, Russian and Spanish.
Ayuso, M., J. Bravo and R. Holzmann. 2014. “Revisión de las proyecciones de población.” BBVA Pension Institute, Documento de Trabajo, No. 7, Madrid: BPI.
Ayuso, M., J. Bravo, and R, Holzmann. 2017a. “On the Heterogeneity in Longevity Among Socioeconomic Groups: Scope, Trends, and Implications for Earnings-Related Pension Schemes.” Global Journal of Human Social Sciences-Economics 17(1): 33–58.
Ayuso, M., J. Bravo, and R, Holzmann. 2017b. “Addressing Longevity Heterogeneity in Pension Scheme Design.” Journal of Finance and Economics 6(1): 1-24.
Ayuso, M., J. Bravo, and R, Holzmann. 2020. “Getting Life Expectancy Estimates Right for Pension Policy: Period versus Cohort Approach.” Journal of Pension Economics and Finance (in print).
Bös, D., and R. Holzmann. 1976. “Simulationsanalysen zur österreichischen Pensionsdynamik.“ Eine Studie zur Indexbindung von Einkommen, Vienna: Verlag der österreichischen Akademie der Wissenschaften.
Demmel, R., Y. Hervé and R. Holzmann. 1999. “The Impact of EMU on National Fiscal Policy: A Theoretical Analysis.“ Research Paper of the European Institute 9902, Saarland University, Saarbrücken.
Genser, B., and R. Holzmann. 2018. “The Taxation of Internationally Portable Pensions: Fiscal Issues and Policy Options.” In R. Holzmann and J. Piggott, eds., op. cit.
Holzmann, R. 1979. Quantitative Sozialpolitik, Finanzsysteme and Pensionsversicherung. Vienna: Verlag der österreichischen Akademie der Wissenschaften.
Holzmann, R. 1984. “Lebenseinkommen and Verteilungsanalyse: Ein methodischer Rahmen für eine Neuorientierung der Verteilungspolitik.“ Studies in Contemporary Economics 9. Berlin Heidelberg New York Tokyo: Springer.
Holzmann, R. 1988. Reforming Public Pensions. Paris: OECD.
Holzmann, R. 1990. “The welfare effects of public expenditure programs reconsidered.” IMF Staff Papers 37(2): 338–359. Washington, D.C.: IMF.
Holzmann, R., Y. Hervé, and R. Demmel. 1996. “The Maastricht Fiscal Criteria: Required but Ineffective?” Empirica 23(1): 25–58.
Holzmann, R. 1997a. “Pension Reform, Financial Market Development, and Economic Growth: Preliminary Evidence from Chile.” IMF Staff Papers 44(3): 149–178. Washington, D.C.: IMF.
Holzmann, R. 1997b. “Starting over in Pensions: The Challenges and Chances Facing Central and Eastern Europe.” Journal of Public Policy 17(3): 195–222.
Holzmann, R. 1999. “On the Economic Benefits and Fiscal Requirements of Moving from Unfunded to Funded Pensions.” In The Welfare State in Europe, ed. Buti, M., D. Franco, and L. Pench, pp. 139–196. Cheltenham, UK, and Northampton, MA: Edward Elgar.
Holzmann, R., and S. Jorgensen. 1999. “Social Protection as Social Risk Management: Conceptual underpinnings for the social protection sector strategy paper.” Journal of International Development 11: 1005–1027.
Holzmann, R., and S. Jorgensen. 2001. “Social Risk Management: A new conceptual framework for social protection, and beyond.” International Tax and Public Finance 8(4): 529–556.
Holzmann, R., and J. Stiglitz (eds.). 2001. New Ideas about Old Age Security – Toward sustainable pension systems in the 21st century. Washington, D.C.: The World Bank. Chinese translation (2004).
Holzmann, R., R. Palacios, and A. Zviniene. 2001. “On the Economics and Scope of Implicit Pension Debt: An International Perspective.” Empirica 28(1): 97-129.
Holzmann, R. and T. Packard. 2001. “Extensión de Cobertura en Los Sistemas Provisionales de Pilares Múltiples.“ Socialis – Revista Latinoamericana de Política Social 4, April: 29–34.
Holzmann, R., L. Sherburne-Benz et E. Tesliuc. 2003. “Gestion du risque social : La Banque Mondiale et la protection sociale dans un monde en voie de mondialisation.“ Revue Tiers Monde 175, July–September: 501–526.
Holzmann, R., and Rainer Muenz. 2004. Challenges and Opportunities of International Migration for the EU, Its Member States, Neighboring Countries and Regions. Stockholm: Institute for Futures Studies.
Holzmann, R., R. Palacios, and A. Zviniene. 2004. “Implicit Pension Debt: Issues, Measurement and Scope in International Perspective.” Social Protection Discussion Paper No. 0403. The World Bank, Washington, D.C.
Holzmann, R., and Richard Hinz. 2005. Old-Age Income Support in the 21st Century: An International Perspective on Pension Systems and Reform. Washington, D.C. :The World Bank. Soporte del ingreso económico en la vejez en el siglo XXI: Una perspectiva internacional de los sistemas de pensiones y de sus reformas (2006, Banco mundial con Mayol Ediciones, Bogota, Colombia). Translations into Chinese, Croatian, and Russian available online.
Holzmann, R. 2006. “Toward a Reformed and Coordinated Pension System in Europe: Rational and Potential Structure.” In Pension Reform: Issues and Prospect for Non-Financial Defined Contribution (NDC) Schemes, ed. R. Holzmann and E. Palmer. Washington, D.C.: The World Bank.
Holzmann, R., Johannes Koettl, and Taras Chernetsky. 2006. “Portability Regimes of Pension and Health Care Benefits for International Migrants: An Analysis of Issues and Good Practices.” Global Migration Perspectives. Geneva: Global Commission on International Migration.
Holzmann, R., David Robalino, and Nuriyuki Takayama. 2009. Closing the Coverage Gap: The Role of Social Pensions and Other Retirement Income Transfers. Washington, D.C.: The World Bank.
Holzmann, R., and Y. Pouget. 2010. “Towards an objective-driven system of smart labor migration management.” Economic Premise 42. Washington, D.C.: The World Bank.
Holzmann, R. 2011. “Bringing Financial Literacy and Education to Low and Middle Income Countries.” In Financial Literacy: Implications for Retirement Security and the Financial Marketplace, ed. Olivia Mitchell and Anamaria Lusardi, pp. 255–267. Oxford, UK: Oxford University Press.
Holzmann, R., and Milan Vodopivec. 2012. Reforming Severance Pay: An International Perspective. Washington, D.C.: The World Bank.
Holzmann, R., Edward Palmer, and David Robalino. 2012. NDC Pension Schemes in a Changing Pension World, Volume 1: Progress, Issues, and Implementation. Washington, D.C.: The World Bank & Swedish Social Insurance Agency.
Holzmann, R., Florentina Mulaj, and Valeria Perotti. 2013. “Financial Capability in Low and Middle Income Countries: Measurement and Effectiveness.” Knowledge Management Report on the Russia Trust Fund on Financial Literacy & Education (conference edition). Washington, D.C.: The World Bank.
Holzmann, R., Edward Palmer, and David Robalino. 2013. NDC Pension Schemes in a Changing Pension World, Volume 2: Gender, Politics, and Financial Stability. Washington, D.C.: The World Bank & Swedish Social Insurance Agency.
Holzmann, R., Richard Hinz, Nuriyuki Takayama, and David Tuesta. 2013. Matching Contributions for Pensions: A Review of International Experience. Washington, D.C.: The World Bank.
Holzmann, R. 2013. “An Optimistic Perspective on Population Aging and Old-Age Financial Protection”, Malaysian Journal of Economic Studies 50 (2): 107–137. Updated and revised Chinese translation in 劳动经济研究 (Studies in Labor Economics, Vol. 2, No. 4, 2014: 21–52, Chinese Academy of Social Science).
Holzmann, R. 2014a. “Old-Age Financial Protection in Malaysia: Challenges and Options.” World Bank, Social Protection & Labor Discussion Paper No. 1425, November; University of Malaya, SSRC Working Paper No. 2014-3, October. (Also Social Protection Discussion Paper Series No. 2014-11, World Bank).
Holzmann, R. 2014b. “The Implicit Pension Debt: Concept and Role in Pension Economics and Reform.” In Pension Adequacy and Sustainability, ed. Jozsef Meszaros, pp. 9–35. Budapest: Central Administration of National Social Insurance.
Holzmann, R. 2015a.“Taxing the Pensions of an Internationally Mobile Labor Force: Portability Issues and Taxation Options.” CEPAR Working Paper 2015/27. Sydney: University of New South Wales.
Holzmann, R. 2015b. “Towards a Pan-European Pension Framework: Concept, Structure and Realization” In European Pension System: Fantasy or Reality, ed. Jozsef Meszaros, pp. 50–70. Budapest: Central Administration of National Social Insurance.
Holzmann, R. 2015c. “Do Bilateral Social Security Agreements Deliver on the Portability of Pensions and Health Care Benefits? A Summary Policy Paper on Four Migration Corridors Between EU and Non-EU Member States.” Mimeo. World Bank, Washington, D.C.
Holzmann, R., and J. Koettl. 2015. “The Portability of Pensions, Health, and other Social Benefits: Concepts and Issues.” CESifo Economic Studies (Advance Access published January 13, 2014; doi:10.1093/cesifo/ift017).
Holzmann, R. 2016. “Do Bilateral Social Security Agreements Deliver on the Portability of Pensions and Health Care Benefits? A Summary Policy Paper on Four Migration Corridors Between EU and Non-EU Member States.” IZA Journal of European Labor Studies 5(17): 1-35.
Holzmann, R. 2018. Managed Labor Migration in Afghanistan: Exploring Employment and Growth Opportunities for Afghanistan. Kabul: World Bank.
Holzmann, R., and J. Piggott. 2018 (eds). The Taxation of Pensions. CESifo Seminar Series. Cambridge, Mass, and London, England: MIT Press.
Holzmann, R., E. Palmer, R. Palacios, and S, Sacchi. 2019. Non-Financial Defined Contribution Schemes (NDC): Facing the Challenges of Marginalization and Polarization in Economy and Society, 2 volumes, Washington, D.C.: The World Bank.
World Bank. 2001. Social Protection Sector Strategy: From Safety Net to Springboard. Washington, D.C.: The World Bank.
Honors and awards
1978: Theodor Körner Prize
1979: Leopold Kunschak Prize
2014: Full Member of the Austrian Academy of Sciences
Personal life
Robert Holzmann is married and has two children.
External links
References
1. ↑ IZA: Robert Holzmann. Accessed on July 17, 2018.
2. ↑ Ministerrat nominiert neues OeNB-Direktorium. Austrian Federal Ministry of Finance, January 30, 2019.
3. ↑ Neuer OeNB-Gouverneur Holzmann sieht sich als unabhängig. In: ORF.at. August 31, 2019, accessed on September 1, 2019.
4. ↑Lebenseinkommen und Verteilungsanalyse: Intra- und interpersonelle Aspekte. Habilitation thesis, University of Vienna, 1983.
5. ↑ Trend: Schöne Anekdoten, strenge Noten Trend, 3/2016, pp. 32–34.
6. ↑ Forum Alpbach: Robert Holzmann. Accessed on July 17, 2018.
7. ↑ LBI für Analyse wirtschaftspolitischer Aktivitäten. Accessed on July 17, 2018.
8. ↑ Weltbank-Direktor: "Es darf keine goldenen Käfige geben". Article published on May 4, 2003, accessed on July 17, 2018.
9. ↑ Das ist die geheime FPÖ-Ministerliste. Article published on November 12, 2017, accessed on July 17, 2018.
10. ↑ Kurier: Abtausch für 12-Stunden-Tag: FPÖ-Kandidat könnte Nationalbank-Präsident werden. Article published on July 11, 2018, accessed on July 17, 2018.
11. ↑ Trend: FORMAT: Robert Holzmann als Grasser-Nachfolger?. Article published on September 5, 2002, accessed on July 17, 2018.
12. ↑ Salzburger Nachrichten: Robert Holzmann als neuer Nationalbank-Gouverneur fixiert. Article dated January 29, 2019, accessed on February 2, 2019.
13. ↑ÖAW: Robert Holzmann. Accessed on July 17, 2018.
14. ↑ Das Finanzsystem der Pensionsversicherung: eine Simulationsstudie am österreichischen Beispiel. Doctoral thesis, University of Vienna, 1977.