Superannuation in Australia: A Survey of the Literature

20 Pages Posted: 22 Mar 2019

See all articles by Geoffrey Kingston

Geoffrey Kingston

Macquarie University

Susan Thorp

The University of Sydney Business School

Date Written: March 2019

Abstract

In 2017 Australian superannuation assets stood at 148 per cent of GDP, or $2.5 trillion in absolute terms. This was the world's fourth largest pool of retirement savings, a remarkable outcome over 25 years of the operation of the Superannuation Guarantee. We survey the local academic, industry and policy literature on the economics of superannuation during the last quarter of a century. Topics include the policy debate, the positive, normative and behavioural economics of household interaction with superannuation, and the structure, conduct and performance of the superannuation industry. We encourage further research into effective tax rates, the need to hedge human capital and the automation of financial advice.

Suggested Citation

Kingston, Geoffrey and Thorp, Susan, Superannuation in Australia: A Survey of the Literature (March 2019). Economic Record, Vol. 95, Issue 308, pp. 141-160, 2019, Available at SSRN: https://ssrn.com/abstract=3355920 or http://dx.doi.org/10.1111/1475-4932.12443

Geoffrey Kingston (Contact Author)

Macquarie University ( email )

North Ryde
Sydney, New South Wales 2109
Australia

Susan Thorp

The University of Sydney Business School ( email )

Abercrombie Building
H70
The University Of Sydney, NSW 2006
Australia
0290366354 (Phone)

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