The choice of Early Retirement Age and the Australian Superannuation System
The purpose of the present paper is to extend the previous analysis to allow for the retirement age to vary between 55 and 65 years. The analysis focuses on two main questions. First, to what extent does the current system in Australia ( in its mature form) offer an incentive for individuals to retire early? Second to what extent is the decision at retirement, that is the optimal route through the 'maze', affected by the retirement age?
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