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Income Provision in Old Age


  • Jeffrey Carmichael
  • Kathleen Plowman


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. Copyright 1985 The University of Melbourne, Melbourne Institute of Applied Economic and Social Research.

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  • 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.
  • Handle: RePEc:bla:ausecr:v:18:y:1985:i:3:p:130-144

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    References listed on IDEAS

    1. Hancock, Keith, 1981. "The Economics of Retirement Provision in Australia," Australian Economic Papers, Wiley Blackwell, vol. 20(36), pages 1-23, June.
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    Cited by:

    1. 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.

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