The Retirement Expectations of Middle-Aged Australians

18 Pages Posted: 19 May 2009

See all articles by Deborah A. Cobb-Clark

Deborah A. Cobb-Clark

School of Economics, University of Sydney; IZA Institute of Labor Economics

Steven Stillman

Free University of Bozen-Bolzano; IZA Institute of Labor Economics

Abstract

We use HILDA data to examine the retirement plans of middle-aged Australians. We find that approximately two-thirds of men and more than half of women report a numeric expected retirement age which we refer to as having a standard retirement plan. Still, one in five individuals seem to have delayed their retirement planning and approximately 1 in 11 either does not know when he or she expects to retire or expects to never retire. Retirement plans are closely related to current labour market position, with workers in jobs with well-defined superannuation benefits more likely to report numeric expected retirement ages.

Suggested Citation

Cobb-Clark, Deborah A. and Stillman, Steven, The Retirement Expectations of Middle-Aged Australians. Economic Record, Vol. 85, Issue 269, pp. 146-163, June 2009. Available at SSRN: https://ssrn.com/abstract=1403577 or http://dx.doi.org/10.1111/j.1475-4932.2009.00543.x

Deborah A. Cobb-Clark (Contact Author)

School of Economics, University of Sydney ( email )

606 Social Sciences Bldg. (A02)
The University of Sydney
Sydney, NSW 2006
Australia
61435061387 (Phone)

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Steven Stillman

Free University of Bozen-Bolzano ( email )

Via Sernesi 1
39100 Bozen-Bolzano (BZ), Bozen 39100
Italy

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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