The Impact of the SGL System on Age Pension Demand in Australia

27 Pages Posted: 4 Jan 2016

See all articles by Amandha Ganegoda

Amandha Ganegoda

ANZ (Australia and New Zealand) Banking Group, Ltd.

John R. Evans

Centre for Analysis of Complex Financial Systems

Date Written: January 3, 2016

Abstract

The Australian Superannuation Guarantee Levy system (SGL) and the Age Pension are linked through the income and asset test of the Age Pension system. Variations in likely demands for full or partial Age Pensions will occur as variations occur in the amount of retirement benefits that members of the SGL system receive. Despite the intention that the SGL system would reduce reliance on the Age Pension system, in this paper we demonstrate that there is a real possibility that this intended reduction may not occur.

Keywords: Superannuation Guarantee Levy, Age Pension, Retirement Funding, Market Shocks, Econometric modeling

JEL Classification: C5, I31, G17, G18

Suggested Citation

Ganegoda, Amandha and Evans, John R., The Impact of the SGL System on Age Pension Demand in Australia (January 3, 2016). Available at SSRN: https://ssrn.com/abstract=2710443 or http://dx.doi.org/10.2139/ssrn.2710443

Amandha Ganegoda

ANZ (Australia and New Zealand) Banking Group, Ltd. ( email )

Melbourne, Victoria
Australia

John R. Evans (Contact Author)

Centre for Analysis of Complex Financial Systems ( email )

PO Box 363
Summer Hill, 2130
Australia

Register to save articles to
your library

Register

Paper statistics

Downloads
34
Abstract Views
396
PlumX Metrics