There is a worldwide effort to identify international best practice in retirement income provision. Legions of superannuation experts have stepped forward, from the ranks of accountants, actuaries, demographers, financial analysts, lawyer-- and economists. This paper seeks to compile disparate pieces of advice, distilled from recent research, which economists can usefully pass onto superannuation members, managers, trustees and policymakers. No prior knowledge of superannuation is assumed. Various policy issues are addressed, including the inadequacy of Australia's mandatory 9% contribution rate, the efficiency and equity costs of our unusual "front-end" superannuation taxes, and the tension in regulatory policy between protecting inactive or ill-informed contributors and giving well-informed contributors the right to back their personal judgements.
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Article provided by Queensland University of Technology (QUT), School of Economics and Finance in its journal Economic Analysis and Policy (EAP).
Volume (Year): 34 (2004) Issue (Month): 2 (September) Pages: 203-26 Download reference. The following formats are available: HTML
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Find related papers by JEL classification: H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
References listed on IDEAS 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.:
M. E. Drew & J. D. Stanford, 2004.
"Why is Superannuation Compulsory?,"
Australian Economic Review,
The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 37(2), pages 184-190, 06.
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