Retirement Saving in Australia
AbstractAustralia's retirement income system has two distinctive features: a means-tested public pension, and a policy mandating private retirement saving. These programs have gained increasing international attention as countries address the challenges posed by population aging. In this paper the institutional features of the retirement income system in Australia are outlined and contrasted to the Canadian retirement income system, with an emphasis on private incentives to save. The savings behaviour of current Australian retirees is examined, and the expectations of future retirees considered. Lessons from the Australian experience are drawn, which may inform Canada and other countries as they reform their retirement income system.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by University of Toronto Press in its journal Canadian Public Policy.
Volume (Year): 34 (2008)
Issue (Month): s1 (November)
Contact details of provider:
Postal: University of Toronto Press Journals Division 5201 Dufferin Street Toronto, Ontario, Canada M3H 5T8
Web page: http://economics.ca/cpp/
Other versions of this item:
- Garry Barrett & Yi-Ping Tseng, 2007. "Retirement Saving in Australia," Social and Economic Dimensions of an Aging Population Research Papers, McMaster University 177, McMaster University.
- D91 - Microeconomics - - Intertemporal Choice - - - Intertemporal Household Choice; Life Cycle Models and Saving
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Productivity Commission, 2005. "Economic Implications of an Ageing Australia," Labor and Demography, EconWPA 0506001, EconWPA.
- Orazio P. Attanasio & Agar Brugiavini, 2003. "Social Security And Households' Saving," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 118(3), pages 1075-1119, August.
- Orazio Attanasio & Susanne Rohwedder, 2001. "Pension wealth and household saving: evidence from pension reforms in the UK," IFS Working Papers, Institute for Fiscal Studies W01/21, Institute for Fiscal Studies.
- Bateman, Hazel & Piggott, John, 2001. "Australia's mandatory retirement saving policy : a view from the new millennium," Social Protection Discussion Papers 23160, The World Bank.
- Malcolm Edey & John Simon, 1996.
"Australia's Retirement Income System: Implications for Saving and Capital Markets,"
NBER Working Papers
5799, National Bureau of Economic Research, Inc.
- Malcolm Edey & John Simon, 1996. "Australia’s Retirement Income System: Implications for Saving and Capital Markets," RBA Research Discussion Papers, Reserve Bank of Australia rdp9603, Reserve Bank of Australia.
- Feldstein, Martin S, 1974. "Social Security, Induced Retirement, and Aggregate Capital Accumulation," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 82(5), pages 905-26, Sept./Oct.
- Bateman,Hazel & Kingston,Geoffrey & Piggott,John, 2001.
Cambridge Books, Cambridge University Press,
Cambridge University Press, number 9780521484718.
- Hazel Bateman & John Piggott, 1997. "Private Pensions in OECD Countries: Australia," OECD Labour Market and Social Policy Occasional Papers, OECD Publishing 23, OECD Publishing.
- Deborah A. Cobb-Clark & Vincent Hildebrand, 2009.
"Portfolio Allocation in the Face of a Means-Tested Public Pension,"
Social and Economic Dimensions of an Aging Population Research Papers, McMaster University
260, McMaster University.
- Deborah A. Cobb‐Clark & Vincent A. Hildebrand, 2011. "Portfolio Allocation In The Face Of A Means‐Tested Public Pension," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 57(3), pages 536-560, 09.
- Cobb-Clark, Deborah A. & Hildebrand, Vincent A., 2009. "Portfolio Allocation in the Face of a Means-Tested Public Pension," IZA Discussion Papers 4481, Institute for the Study of Labor (IZA).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Prof. Werner Antweiler).
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.