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The Retirement Expectations of Middle-aged Australians

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  • DEBORAH A. COBB-CLARK
  • STEVEN STILLMAN

Abstract

We use HILDA data to examine the retirement plans of middle-aged Australians. We find that approximately two-thirds of men and more than half of women report a numeric expected retirement age which we refer to as having a standard retirement plan. Still, one in five individuals seem to have delayed their retirement planning and approximately 1 in 11 either does not know when he or she expects to retire or expects to never retire. Retirement plans are closely related to current labour market position, with workers in jobs with well-defined superannuation benefits more likely to report numeric expected retirement ages. Copyright © 2009 The Economic Society of Australia.

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Bibliographic Info

Article provided by The Economic Society of Australia in its journal Economic Record.

Volume (Year): 85 (2009)
Issue (Month): 269 (06)
Pages: 146-163

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Handle: RePEc:bla:ecorec:v:85:y:2009:i:269:p:146-163

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Cited by:
  1. Barrett, Garry F. & Brzozowski, Matthew, 2010. "Involuntary Retirement and the Resolution of the Retirement-Consumption Puzzle: Evidence from Australia," Working Papers 2010-10, University of Sydney, School of Economics.
  2. Barrett, Alan & Mosca, Irene, 2012. "Announcing an Increase in the State Pension Age and the Recession: Which Mattered More for Expected Retirement Ages?," IZA Discussion Papers 6325, Institute for the Study of Labor (IZA).

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