IDEAS home Printed from https://ideas.repec.org/a/taf/nzecpp/v51y2017i3p262-280.html
   My bibliography  Save this article

KiwiSaver: an evaluation of a new retirement savings scheme

Author

Listed:
  • David Law
  • Lisa Meehan
  • Grant M. Scobie

Abstract

This paper provides an evaluation of the performance of KiwiSaver, a subsidised voluntary savings scheme aimed at increasing the retirement wealth of a target population. Four key dimensions of performance are assessed using a variety of empirical techniques drawing on data from a national survey of 825 people conducted in 2010. Results suggest that only one-third of contributions to KiwiSaver represent additional savings. Regression analysis finds no relationship between KiwiSaver membership and expected retirement income outcomes. Examination of standard measures of programme efficacy such as target effectiveness and leakage suggests that KiwiSaver has been only modestly successful in reaching the target population and that leakage to the non-target population was high, at 93%. Finally, the scheme's possible effect on national saving was examined. In the long run, the effect on net national saving appears marginal at best.

Suggested Citation

  • David Law & Lisa Meehan & Grant M. Scobie, 2017. "KiwiSaver: an evaluation of a new retirement savings scheme," New Zealand Economic Papers, Taylor & Francis Journals, vol. 51(3), pages 262-280, September.
    • Handle: RePEc:taf:nzecpp:v:51:y:2017:i:3:p:262-280
    DOI: 10.1080/00779954.2016.1196719
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00779954.2016.1196719
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00779954.2016.1196719?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Heather Holt, 2010. "Health and Labour Force Participation," Treasury Working Paper Series 10/03, New Zealand Treasury.
    2. John Gibson & Trinh Le, 2008. "How Much New Saving will KiwiSaver Produce?," Working Papers in Economics 08/03, University of Waikato.
    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. David Law & Grant M. Scobie, 2018. "KiwiSaver and the accumulation of net wealth," New Zealand Economic Papers, Taylor & Francis Journals, vol. 52(1), pages 1-20, January.

    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. James Enright & Grant M Scobie, 2010. "Healthy, Wealthy and Working: Retirement Decisions of Older New Zealanders," Treasury Working Paper Series 10/02, New Zealand Treasury.
    2. Ana María Iregui-Bohórquez & Ligia Alba Melo-Becerra & María Teresa Ramírez-Giraldo, 2015. "Estado de salud y participación laboral: Evidencia para Colombia," Borradores de Economia 12497, Banco de la Republica.
    3. Ana María Iregui-Bohórquez & Ligia Alba Melo-Becerra & María Teresa Ramírez-Giraldo, 2016. "Health status and labor force participation: evidence for urban low and middle income individuals in Colombia," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 15(1), pages 33-55, April.
    4. Saunders, R.W. & Gross, R.J.K. & Wade, J., 2012. "Can premium tariffs for micro-generation and small scale renewable heat help the fuel poor, and if so, how? Case studies of innovative finance for community energy schemes in the UK," Energy Policy, Elsevier, vol. 42(C), pages 78-88.
    5. Abdur Rauf & Maryyum Bashir & Kiran Asif & Sardar Fawad Saleem, 2018. "Impact of Health Expenditures on Labor Force Participation: Evidence from Pakistan," Asian Journal of Economic Modelling, Asian Economic and Social Society, vol. 6(4), pages 419-427, December.
    6. Adolfo Meisel-Roca & Hernando Vargas-Herrera (ed.), 2018. "Ensayos sobre crecimiento económico en Colombia," Books, Banco de la Republica de Colombia, number 2018-06, July.
    7. David Law & Lisa Meehan & Grant M Scobie, 2011. "KiwiSaver: An Initial Evaluation of the Impact on Retirement Saving," Treasury Working Paper Series 11/04, New Zealand Treasury.

    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:taf:nzecpp:v:51:y:2017:i:3:p:262-280. 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: the person in charge (email available below). General contact details of provider: http://www.tandfonline.com/RNZP20 .

    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.