Pensions, Ageing and Retirement in Australia: Long‐Term Projections and Policies

12 Pages Posted: 30 Aug 2012

See all articles by Rafal Chomik

Rafal Chomik

affiliation not provided to SSRN

John Piggott

University of New South Wales (UNSW) - Australian School of Business, School of Economics

Date Written: September 2012

Abstract

Australia's retirement income provision system, comprising the ‘three pillars’ of a means‐tested aged pension, mandatory occupational superannuation and other, voluntary long‐term savings, is at the heart of understanding the fiscal implications of ageing. While the Intergenerational Report, an account of long‐term fiscal sustainability, is celebrating its tenth birthday since the first edition was published, the Superannuation Guarantee, first implemented in 1992, turns a sprightly 20 years old. This article considers the Intergenerational Report as a prism for studying fiscal, demographic and policy developments in the Australian retirement income system over the last decade and into the future.

Suggested Citation

Chomik, Rafal and Piggott, John, Pensions, Ageing and Retirement in Australia: Long‐Term Projections and Policies (September 2012). Australian Economic Review, Vol. 45, Issue 3, pp. 350-361, 2012. Available at SSRN: https://ssrn.com/abstract=2138683 or http://dx.doi.org/10.1111/j.1467-8462.2012.00696.x

Rafal Chomik (Contact Author)

affiliation not provided to SSRN

No Address Available

John Piggott

University of New South Wales (UNSW) - Australian School of Business, School of Economics ( email )

High Street
Sydney, NSW 2052
Australia

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