IDEAS home Printed from https://ideas.repec.org/a/vrs/finprj/v4y2018i2p69-91n1004.html
   My bibliography  Save this article

Retirement Outcomes for Female Primary Carers in Australia: A Literature Review

Author

Listed:
  • Craft Amanda

  • Taylor Sharon
  • Gaffney Alicia
  • Wagland Suzanne

Abstract

Due to an ageing population, encouraging self-funded retirement has been a key goal of Australian government policy for the last three decades. However, the current model of superannuation—funded primarily by the Superannuation Guarantee (SG)—leaves significant segments of the Australian population at a disadvantage. These segments include groups of individuals who do not participate in the paid workforce due to their performance of non-paid work. This research paper examines the disadvantage experienced by female primary carers in Australia under the current model of superannuation. The body of literature on superannuation has identified that a significant proportion of working age women take time out of the workforce to provide care and receive a minimal amount of assistance from the government and that this has a detrimental effect on their retirement outcomes. However, this paper identifies a gap in the existing literature as it does not consider the financial consequences in retirement for women who must care for their parents. In particular, this paper identifies the disadvantage experienced by those women who simultaneously, or sequentially, ‘sandwich’ caring for their parents with raising children.

Suggested Citation

  • Craft Amanda & Taylor Sharon & Gaffney Alicia & Wagland Suzanne, 2018. "Retirement Outcomes for Female Primary Carers in Australia: A Literature Review," Financial Planning Research Journal, Sciendo, vol. 4(2), pages 69-91.
    • Handle: RePEc:vrs:finprj:v:4:y:2018:i:2:p:69-91:n:1004
    DOI: 10.2478/fprj-2018-0008
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/fprj-2018-0008
    Download Restriction: no
    File URL: https://libkey.io/10.2478/fprj-2018-0008?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
    ---><---

    References listed on IDEAS

    as
    1. Therese Jefferson, 2005. "Women and Retirement Incomes in Australia: A Review," The Economic Record, The Economic Society of Australia, vol. 81(254), pages 273-291, September.
    2. Therese Jefferson, 2007. "Discussing Retirement: Insights from a Qualitative Research Project," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 10(2), pages 129-145.
    3. Robert J. Bianchi & Michael E. Drew & Adam N. Walk & Osei K. Wiafe, 2016. "Retirement Adequacy of Indigenous Australians: A Baseline Study," Economic Papers, The Economic Society of Australia, vol. 35(4), pages 359-374, December.
    4. Productivity Commission, 2011. "Disability Care and Support," Inquiry Reports, Productivity Commission, Government of Australia, volume 0, number 54, January.
    Full references (including those not matched with items on IDEAS)

    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. David Laibson, 1997. "Golden Eggs and Hyperbolic Discounting," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 443-478.
    2. Silvia Jordan & Corinna Treisch, 2010. "The perception of tax concessions in retirement savings decisions," Qualitative Research in Financial Markets, Emerald Group Publishing Limited, vol. 2(3), pages 157-184, October.
    3. John Walsh & Sarah Johnson, 2013. "Development and Principles of the National Disability Insurance Scheme," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 46(3), pages 327-337, September.
    4. Nguyen, Ha Trong & Connelly, Luke Brian, 2014. "The effect of unpaid caregiving intensity on labour force participation: Results from a multinomial endogenous treatment model," Social Science & Medicine, Elsevier, vol. 100(C), pages 115-122.
    5. Henry Ergas, 2013. "National Disability Insurance Scheme Funding: The Case for Hypothecation," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 46(3), pages 338-344, September.
    6. Burgess, Teresa & Braunack-Mayer, Annette & Crawford, Gregory B. & Beilby, Justin, 2014. "Australian health policy and end of life care for people with chronic disease: An analysis," Health Policy, Elsevier, vol. 115(1), pages 60-67.
    7. Kirsten Lieshout & Joanne Oates & Anne Baker & Carolyn A. Unsworth & Ian D. Cameron & Julia Schmidt & Natasha A. Lannin, 2020. "Burden and Preparedness amongst Informal Caregivers of Adults with Moderate to Severe Traumatic Brain Injury," IJERPH, MDPI, vol. 17(17), pages 1-12, September.
    8. Kaambwa, Billingsley & Lancsar, Emily & McCaffrey, Nicola & Chen, Gang & Gill, Liz & Cameron, Ian D. & Crotty, Maria & Ratcliffe, Julie, 2015. "Investigating consumers' and informal carers' views and preferences for consumer directed care: A discrete choice experiment," Social Science & Medicine, Elsevier, vol. 140(C), pages 81-94.
    9. Andrew Worthington, 2008. "Knowledge and Perceptions of Superannuation in Australia," Journal of Consumer Policy, Springer, vol. 31(3), pages 349-368, September.
    10. Martha A. Starr, 2014. "Qualitative And Mixed-Methods Research In Economics: Surprising Growth, Promising Future," Journal of Economic Surveys, Wiley Blackwell, vol. 28(2), pages 238-264, April.
    11. Souza, Flavio & Duff, Gordon & Swait, Joffre, 2021. "“Whose plan is it?” understanding how the goal pursuit of consumers and carers influence choices in the australian disability sector," Journal of choice modelling, Elsevier, vol. 40(C).
    12. Andrew Beer & Lyrian Daniel & Emma Baker & Laurence Lester, 2020. "The Shifting Risk of Homelessness among Persons with a Disability: Insights from a National Policy Intervention," IJERPH, MDPI, vol. 17(18), pages 1-10, September.
    13. Warren, Diana A., 2015. "Retirement decisions of couples in Australia: The impact of spousal characteristics and preferences," The Journal of the Economics of Ageing, Elsevier, vol. 6(C), pages 149-162.
    14. Richard Burkhauser & Mary Daly & Duncan McVicar & Roger Wilkins, 2014. "Disability benefit growth and disability reform in the US: lessons from other OECD nations," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 3(1), pages 1-30, December.
    15. Marilyn Clark-Murphy & Craig P. Speelman, 2007. "Decision Making Clusters in Retirement Savings: Preliminary Findings," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 10(2), pages 115-127.
    16. Philip Taylor & Catherine Earl & Christopher McLoughlin, 2016. "Contractual Arrangements and the Retirement Intentions of Women in Australia," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 19(3), pages 175-195.
    17. Ross Williams, 2013. "Introduction," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 46(3), pages 325-326, September.
    18. Kitty-Rose Foley & Sonya Girdler & Jenny Bourke & Peter Jacoby & Gwynnyth Llewellyn & Stewart Einfeld & Bruce Tonge & Trevor R Parmenter & Helen Leonard, 2014. "Influence of the Environment on Participation in Social Roles for Young Adults with Down Syndrome," PLOS ONE, Public Library of Science, vol. 9(9), pages 1-11, September.
    19. Therese Jefferson, 2007. "Discussing Retirement: Insights from a Qualitative Research Project," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 10(2), pages 129-145.
    20. Brackertz, Nicola & Huang, Donna & Davison, Jim & Hayward, Richard Donald, 2018. "Housing, homelessness and mental health: towards systems change," SocArXiv 48ujp, Center for Open Science.

    More about this item

    Keywords

    ;
    ;
    ;

    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:vrs:finprj:v:4:y:2018:i:2:p:69-91:n:1004. 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: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    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.