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Planning Retirement Income in Australia: Routes through the Maze

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  • M. E. Atkinson
  • John Creedy
  • D. M. Knox

Abstract

Individual retirees face a daunting task when they consider how best to invest their accumulated superannuation account and non-superannuation savings. This article highlights the fact that there is rarely an obvious decision in this choice and that the optimal decision depends on a number of factors. These factors include the valuation criterion adopted, the level of benefits, the individual's income level, the means-tests, the tax rates on income and superannuation benefits and the person's life expectancy. The optimal behaviour at retirement is significantly affected by the individual characteristics of relative lifetime earnings and post-retirement rates of mortality. Copyright 1995 The University of Melbourne, Melbourne Institute of Applied Economic and Social Research.

Suggested Citation

  • M. E. Atkinson & John Creedy & D. M. Knox, 1995. "Planning Retirement Income in Australia: Routes through the Maze," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 28(4), pages 15-28.
  • Handle: RePEc:bla:ausecr:v:28:y:1995:i:4:p:15-28
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    File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1467-8462.1995.tb00901.x
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    Cited by:

    1. 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.
    2. M. Atkinson & John Creedy & David Knox, 1999. "Alternative Retirement Income Arrangements and Lifetime Income Inequality: Lessons From Australia," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 6(1), pages 103-117, February.

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