IDEAS home Printed from https://ideas.repec.org/a/bla/ausecr/v18y1985i3p130-144.html
   My bibliography  Save this article

Income Provision in Old Age

Author

Listed:
  • Jeffrey Carmichael
  • Kathleen Plowman

Abstract

Few areas of public policy impinge more directly on individual lifetime welfare than those directed at retirement income. While policy initiatives implemented since the start of the 1970s fall short of major reform, there have nevertheless been substantial changes in the real value of pensions, the coverage of pensions, and the tax treatment of various forms of retirement income. The objective of this article is to catalogue these changes in policy, and to identify the combination of political philosophy and socio‐economic pressures underlying them. It also analyses some of the economic consequences of these policies and examines the question of national superannuation. The article concludes that, for the present at least, any reforms in the area of retirement income provision seem likely to be limited to the refinement of the status quo.

Suggested Citation

  • Jeffrey Carmichael & Kathleen Plowman, 1985. "Income Provision in Old Age," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 18(3), pages 130-144, September.
    • Handle: RePEc:bla:ausecr:v:18:y:1985:i:3:p:130-144
    DOI: 10.1111/j.1467-8462.1985.tb00298.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1467-8462.1985.tb00298.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1467-8462.1985.tb00298.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Alan J. Auerbach & Laurence J. Kotlikoff, 1981. "An Examination of Empirical Tests of Social Security and Savings," NBER Working Papers 0730, National Bureau of Economic Research, Inc.
    2. Hancock, Keith, 1981. "The Economics of Retirement Provision in Australia," Australian Economic Papers, Wiley Blackwell, vol. 20(36), pages 1-23, June.
    3. Ian Manning, 1985. "Continuity and Change in Australian Economic Policy: The Social Welfare Services," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 18(3), pages 116-129, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Malcolm Edey & Robin Foster & Ian Macfarlane, 1991. "The Role of Superannuation in the Financial Sector and in Aggregate Saving: A Review of Recent Trends," RBA Research Discussion Papers rdp9112, Reserve Bank of Australia.
    2. Peter J. Phillips, 2011. "Will Self‐Managed Superannuation Fund Investors Survive?," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 44(1), pages 51-63, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gavin A. Wood, 1990. "Housing Finance and Subsidy Systems in Australia," Urban Studies, Urban Studies Journal Limited, vol. 27(6), pages 847-876, December.
    2. Summers, Lawrence H, 1984. "The After-Tax Rate of Return Affects Private Savings," American Economic Review, American Economic Association, vol. 74(2), pages 249-253, May.
    3. Hans Fehr & Sabine Jokisch & Laurence J Kotlikoff, 2006. "Will China Eat Our Lunch or Take Us to Dinner? Simulating the Transition Paths of the US, EU, Japan and China," RBA Annual Conference Volume (Discontinued), in: Christopher Kent & Anna Park & Daniel Rees (ed.),Demography and Financial Markets, Reserve Bank of Australia.
    4. Jokisch, Sabine & Kotlikoff, Laurence J., 2007. "Simulating the Dynamic Macroeconomic and Microeconomic Effects of the FairTax," National Tax Journal, National Tax Association;National Tax Journal, vol. 60(2), pages 225-252, June.
    5. Patric H Hendershott & Joe Peek, 1987. "Private Saving in the United States: 1950-85," Boston College Working Papers in Economics 134, Boston College Department of Economics.
    6. Simon Gilchrist & Egon Zakrajsek, 2007. "Investment and the Cost of Capital: New Evidence from the Corporate Bond Market," NBER Working Papers 13174, National Bureau of Economic Research, Inc.
    7. Yamada, Tetsuji, 1990. "The effects of Japanese social security retirement benefits on personal saving and elderly labor force behavior," Japan and the World Economy, Elsevier, vol. 2(4), pages 327-363, December.
    8. Søren Nielsen, 1994. "Social security and foreign indebtedness in a small open economy," Open Economies Review, Springer, vol. 5(1), pages 47-63, March.
    9. Michael J. Boskin & Lawrence J. Lau, 1988. "An Analysis of U.S. Postwar Consumption and Saving: Part II -- Empirical Results," NBER Working Papers 2606, National Bureau of Economic Research, Inc.
    10. Marc Robinson, 1983. "Social Security and Physical Capital: An Interpretation of the Evidence, Lessons and Outlook," UCLA Economics Working Papers 307, UCLA Department of Economics.
    11. Heinrich, Ralph P. & Koop, Michael J. & Boss, Alfred & Gröhn, Andreas & Kopp, Andreas & Rosenschon, Astrid & Schmidt, Rainer, 1996. "Sozialpolitik im Transformationsprozeß Mittel- und Osteuropas," Open Access Publications from Kiel Institute for the World Economy 860, Kiel Institute for the World Economy (IfW Kiel).
    12. Lawrence H. Summers, 1982. "Tax Policy, the Rate of Return, and Savings," NBER Working Papers 0995, National Bureau of Economic Research, Inc.
    13. Mr. Kevin C Cheng, 2003. "Economic Implications of China's Demographics in the 21st Century," IMF Working Papers 2003/029, International Monetary Fund.
    14. Andrew B. Abel & Laurence J. Kotlikoff, 1988. "Does the Consumption of Different Age Groups Move Together? A New Nonparametric Test of Intergenerational Altruism," NBER Working Papers 2490, National Bureau of Economic Research, Inc.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ausecr:v:18:y:1985:i:3:p:130-144. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/mimelau.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.