IDEAS home Printed from https://ideas.repec.org/a/ozl/journl/v8y2005i4p351-364.html
   My bibliography  Save this article

Labour Market Responses to the Abolition of Compulsory Superannuation

Author

Listed:
  • Louise Carter

    (University of Western Australia)

Abstract

This paper aims to compare the labour market effects of two alternative retirement income polices: the superannuation guarantee charge; and the higher income taxes that would be required to fund the greater pension expenditure that would be incurred if the superannuation guarantee charge was removed. The labour market effects of the superannuation guarantee charge have already been modelled by Freebairn (1998) by undertaking comparative static analysis of a partial equilibrium model. A similar approach is used to examine the labour market effects of higher taxes. The paper sets out both theoretical models, and then considers a numerical example to compare the policy alternatives.

Suggested Citation

  • Louise Carter, 2005. "Labour Market Responses to the Abolition of Compulsory Superannuation," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 8(4), pages 351-364, December.
    • Handle: RePEc:ozl:journl:v:8:y:2005:i:4:p:351-364
    as

    Download full text from publisher

    File URL: http://ftprepec.drivehq.com/ozl/journl/downloads/AJLE084carter.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Guest, Ross & McDonald, Ian, 2002. "Superannuation, Population Ageing and Living Standards in Australia," Economic Analysis and Policy, Elsevier, vol. 32(1), pages 19-33, March.
    2. John Freebairn, 1998. "Compulsory Superannuation and Labour Market Responses," Australian Economic Papers, Wiley Blackwell, vol. 37(1), pages 58-70, March.
    3. John Freebairn, 2004. "Some Long-Run Labour Market Effects of the Superannuation Guarantee," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 37(2), pages 191-197, June.
    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. John Freebairn, 2007. "Some Policy Issues in Providing Retirement Incomes," Melbourne Institute Working Paper Series wp2007n06, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.

    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. Louise Carter, 2005. "Labour Market Responses to the Abolition of Compulsory Superannuation," Economics Discussion / Working Papers 05-18, The University of Western Australia, Department of Economics.
    2. 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.
    3. Sinclair Davidson & Ross Guest, 2007. "Superannuation Tax Reform: Fiscal Consequences," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 14(1), pages 5-16.
    4. Creedy, John & Guest, Ross, 2008. "Changes in the taxation of private pensions: Macroeconomic and welfare effects," Journal of Policy Modeling, Elsevier, vol. 30(5), pages 693-712.
    5. Andrew Worthington, 2008. "Knowledge and Perceptions of Superannuation in Australia," Journal of Consumer Policy, Springer, vol. 31(3), pages 349-368, September.
    6. Malcom Edey & Luke Gower, 2000. "National Saving: Trends and Policy," RBA Annual Conference Volume (Discontinued), in: David Gruen & Sona Shrestha (ed.),The Australian Economy in the 1990s, Reserve Bank of Australia.
    7. John Freebairn, 2007. "Some Policy Issues in Providing Retirement Incomes," Melbourne Institute Working Paper Series wp2007n06, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    8. John Janssen, 2002. "Long-term fiscal projections and their relationship with the intertemporal budget constraint: An application to New Zealand," Treasury Working Paper Series 02/05, New Zealand Treasury.
    9. George Kudrna & Alan D. Woodland, 2013. "Macroeconomic and Welfare Effects of the 2010 Changes to Mandatory Superannuation," The Economic Record, The Economic Society of Australia, vol. 89(287), pages 445-468, December.
    10. Ellis Connolly, 2007. "The Effect of the Australian Superannuation Guarantee on Household Saving Behaviour," RBA Research Discussion Papers rdp2007-08, Reserve Bank of Australia.
    11. Sainsbury, Tristram & Breunig, Robert & Watson, Timothy, 2022. "COVID-19 Private Pension Withdrawals and Unemployment Tenures," IZA Discussion Papers 15399, Institute of Labor Economics (IZA).
    12. Attari, Muhammad Qasim & Pervaiz, Dr. Zahid & Razzaq Chaudhary, Dr. Amatul, 2017. "Impact of Agricultural Land Inequality on Human Development in Punjab (Pakistan)," MPRA Paper 89070, University Library of Munich, Germany.

    More about this item

    Keywords

    Wages; Compensation; and Labor Costs; Non-wage Labor Costs and Benefits; Private Pensions; Wages; Compensation; and Labor Costs; Public Policy;
    All these keywords.

    JEL classification:

    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
    • J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy

    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:ozl:journl:v:8:y:2005:i:4:p:351-364. 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: Sandie Rawnsley (email available below). General contact details of provider: https://edirc.repec.org/data/becurau.html .

    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.