Log in

Relevant bibliographies by topics / Pensions Australia / Journal articles

Journal articles on the topic 'Pensions Australia'

To see the other types of publications on this topic, follow the link: Pensions Australia.

Author: Grafiati

Published: 10 December 2022

Last updated: 28 January 2023

Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles

Select a source type:

Consult the top 50 journal articles for your research on the topic 'Pensions Australia.'

Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.

You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.

Browse journal articles on a wide variety of disciplines and organise your bibliography correctly.

1

Collard, Sharon. "Workplace Pension Reform: Lessons from Pension Reform in Australia and New Zealand." Social Policy and Society 12, no. 1 (September 25, 2012): 123–34. http://dx.doi.org/10.1017/s1474746412000474.

Full text

Abstract:

The UK Government's workplace pension reforms introduce major changes to the way in which employees save for retirement. Eligible employees will be automatically enrolled into a workplace-based pension scheme and, for the first time in the UK, employers will be legally required to contribute to employees’ pensions. This article critically examines the evidence from New Zealand and Australia, two countries that have undergone pension reforms similar in some ways to the UK reforms. We assess what we can learn from their experiences in two areas: firstly, how pension schemes are structured and, secondly, the outcomes for individuals. The evidence highlights the potential of automatic enrolment to overcome people's disinterest in pension saving. At the same time, relatively few UK employees are likely to choose where their pension savings are invested. As a result, default funds will play an important role in determining the pension outcomes for individuals.

APA, Harvard, Vancouver, ISO, and other styles

2

Gordon, Isabel, and Jung-wha Lee. "Pensions in Australia and South Korea: A comparative analysis." Pensions: An International Journal 14, no. 4 (November 2009): 273–81. http://dx.doi.org/10.1057/pm.2009.27.

Full text

APA, Harvard, Vancouver, ISO, and other styles

3

Koval, Natalia, Natalia Priamuhina, and Inna Zhmurko. "ANALYSIS OF ECONOMIC-FINANCIAL EXPERIENCE OF THE WORLD COUNTRIES IN THE SYSTEM OF PENSION INSURANCE." Baltic Journal of Economic Studies 6, no. 1 (March 16, 2020): 1. http://dx.doi.org/10.30525/2256-0742/2020-6-1-1-8.

Full text

Abstract:

The purpose of this article is to analyze the experience of pension insurance systems in Europe, Asia, North and South America, Australia. The defining feature is that the existing pension insurance system in Ukraine does not perform its main task properly, since the rate of pension, for the most part, does not make it possible to maintain a decent standard of living for current pensioners. After analyzing the implementation of the pension reform in Ukraine, it should be emphasized that during the twelve-year period after the pension reform in the country there remain a number of unresolved issues regarding the pension provision of citizens, namely: aging of the population, which is one of the main factors that prompt the government to a new stage of reforming the pension system; the presence of arrears on contributions to compulsory state pension insurance; lack of proper differentiation of pension payments; shadow wages; lack of sound financial instruments for investing pension assets; unsatisfactory level of legal and financial awareness of the population in matters of pension provision; lack of interest of employers in financing non-state pension programs for employees, lack of confidence in the pension system of non-state pension funds. Methods. In most countries of the world, the problems of the pension system, same to what we have in our country, arose. But due to pension reform, they achieved successful results. Each country chose its own way of building a pension system based on its own demographic and socioeconomic features. However, despite this, the main task of any pension system is to secure from poverty and provide a pension that could guarantee a decent standard of living for a pensioner. Results. Ukraine is trying to build the pension insurance system, drawing on the best practice of the countries studied. Practical implications. It is found that the most effective and successful model of the pension system is considered to be Chilean, since the country has been using cumulative and voluntary pension systems for a long time, which are priority and allow to resolve the pension of their citizens financially, prudent and efficient investing of pension funds with lower rates of public investment income. The same model was taken as the basis in Peru, Argentina, Colombia and Kazakhstan. Value/originality. Analyzing the pension reforms implemented in Eastern Europe, it should be noted that part of the changes was due to the need to protect pensioners from poverty in the context of a sharp decrease in the rate of pensions because of the reduction of total pension contributions and the inability of the state to finance previous pension obligations. The real way to reduce the financial burden on employers and the state in the context of a solidarity pension system was to develop levels II and III of the pension system. It is noteworthy to study the foreign experience of the Eastern European country, such as Poland, which was one of the first to introduce a compulsory funded pension system.

APA, Harvard, Vancouver, ISO, and other styles

4

Spies-Butcher, Ben, and Adam Stebbing. "Population Ageing and Tax Reform in a Dual Welfare State." Economic and Labour Relations Review 22, no. 3 (November 2011): 45–64. http://dx.doi.org/10.1177/103530461102200304.

Full text

Abstract:

Traditionally, older people have been the key targets of Australia's targeted welfare state. Flat rate pensions and widespread home ownership have ensured relative equality in older life. However, in response to perceived fiscal pressures generated by population ageing, Australia has increasingly shifted its policy settings, encouraging private savings over public risk pooling. Private savings are increasingly supported by public subsidy through tax policy. This has led to overlapping policy priorities, as public subsidies are used both as incentives to promote savings and as social policy instruments to promote adequate living standards in retirement. This conflict is evident in recent policy reviews of taxation, public spending and pension policy. This article explores the development of this conflict and how it manifests in proposals for reform. We argue that the conflation of welfare and taxation goals increasingly creates a dual welfare state that promotes private provision at the expense of both equity and efficiency. We suggest that more explicit identification of the roles of tax policy, and the welfare implications of tax changes, would help to improve policy design.

APA, Harvard, Vancouver, ISO, and other styles

5

Murphy, John. "The Poverty of Liberalism: the First Old Age Pensions in Australia." Thesis Eleven 95, no. 1 (November 2008): 33–47. http://dx.doi.org/10.1177/0725513608095799.

Full text

APA, Harvard, Vancouver, ISO, and other styles

6

OVERBYE, EINAR. "Convergence Theory Reconsidered: The Politics of Pensions in Scandinavia and Australia." Australian Journal of Political Science 32, no. 1 (March 1997): 7–28. http://dx.doi.org/10.1080/10361149750977.

Full text

APA, Harvard, Vancouver, ISO, and other styles

7

Chomik, Rafal, and John Piggott. "Pensions, Ageing and Retirement in Australia: Long-Term Projections and Policies." Australian Economic Review 45, no. 3 (August 28, 2012): 350–61. http://dx.doi.org/10.1111/j.1467-8462.2012.00696.x.

Full text

APA, Harvard, Vancouver, ISO, and other styles

8

Kudrna, George. "Economy-wide effects of means-tested pensions: The case of Australia." Journal of the Economics of Ageing 7 (April 2016): 17–29. http://dx.doi.org/10.1016/j.jeoa.2016.04.004.

Full text

APA, Harvard, Vancouver, ISO, and other styles

9

Khoo, Siew-Ean. "Correlates of Welfare Dependency among Immigrants in Australia." International Migration Review 28, no. 1 (March 1994): 68–92. http://dx.doi.org/10.1177/019791839402800104.

Full text

Abstract:

This article examines the role of a number of factors, including migration category, birthplace, period of arrival, age, gender, educational background and employment status, in explaining immigrants’ dependence on government pensions and benefits. Significant differences in welfare dependency were observed by birthplace and migration category even after controlling for age, education and employment status. Immigrants from Vietnam, Lebanon and Turkey were more likely than others to be dependent on welfare. Refugees were also more likely than other immigrants to be dependent on welfare; however the effect of refugee status on welfare dependency diminished with duration of residence in Australia.

APA, Harvard, Vancouver, ISO, and other styles

10

Rowlingson, Karen. "Research Round-Up." Benefits: A Journal of Poverty and Social Justice 13, no. 1 (February 2005): 35–44. http://dx.doi.org/10.51952/culc3586.

Full text

Abstract:

Three research projects from the Department for Work and Pensions kick off this issue’s research round-up. They aim to answer the following questions: What makes for a good Housing Benefit manager? How well did Jobcentre Plus deliver the New Tax Credits policy? What can the UK learn from Australia about providing financial support for young people? Following these reports we have four summaries of working papers from the University of Hull. These cover a range of issues of relevance to social security: the local impact of international migration; young parenthood; minority ethnic groups in rural labour markets; and ‘race’ and social research.

APA, Harvard, Vancouver, ISO, and other styles

11

Beaumont, Joan. "The Returned Soldier as a Site of Memory: Employment Preference and War Pensions during the Great Depression in Australia." Australian Historical Studies 52, no. 1 (January 2, 2021): 8–26. http://dx.doi.org/10.1080/1031461x.2020.1766523.

Full text

APA, Harvard, Vancouver, ISO, and other styles

12

West, Tracey, and Andrew Worthington. "The impact of major life events on household asset portfolio rebalancing." Studies in Economics and Finance 36, no. 3 (July 26, 2019): 334–47. http://dx.doi.org/10.1108/sef-11-2017-0318.

Full text

Abstract:

Purpose This paper aims to model the asset portfolio rebalancing decisions of Australian households experiencing a severe life event shock. Design/methodology/approach The paper uses household longitudinal data from the Household, Income, and Labour Dynamics in Australia (HILDA) survey since 2001. The major life events are serious illness or injury, death of a spouse, job dismissal or redundancy and separation from a spouse. The asset classes are bank accounts, cash investments, equities, superannuation (private pensions), life insurance, trust funds, owner-occupied housing, investor housing, business assets, vehicles and collectibles. The authors use both static and dynamic Tobit models to assess the impact and duration of impact of the shocks. Findings Serious illness and injury, loss of employment, separation and spousal death cause households to rebalance portfolios in ways that can have detrimental effects on long-term wealth accumulation through poor market timing and the incurring of transaction costs. Research limitations/implications The survey results are only available since 2001, and the wealth module from which the asset data are drawn is self-reported and not available every year. Practical implications Relevant to policymakers working on the ongoing retirement of the “baby boomer” generation and for financial planners guiding household investment decisions. Originality/value Most research on shocks to household wealth concern a narrower range of assets and only limited shocks. Also, this is one of the few studies to use a random effects model to allow for unspecified heterogeneity among households.

APA, Harvard, Vancouver, ISO, and other styles

13

Adams, Robert J., Sarah Appleton, David H. Wilson, Anne W. Taylor, Catherine Chittleborough, Tiffany Gill, and Richard E. Ruffin. "Cholesterol-lowering therapy and the Australian Pharmaceutical Benefits Scheme: a population study." Australian Health Review 33, no. 2 (2009): 325. http://dx.doi.org/10.1071/ah090325.

Full text

Abstract:

Objective: The Australian Pharmaceutical Benefits Scheme (PBS) expanded the criteria for eligibility for subsidised lipid-lowering therapy (LLT) in 2006. The aim of this study was to determine the use of LLT in a representative Australian population in relation to cardiovascular disease (CVD) risk, and the effectiveness of the therapy in meeting target levels. Design: Cross-sectional biomedical study with telephone interviews, questionnaires, clinical measurements, and PBS dispensing data. Subjects: Representative population sample of 4060 urban adults aged 18 years attending for the biomedical examination in 2001. Results: Of the 406 who qualified for PBS-subsidised LLT at that time, only 88 (21.5%) were actually on LLT. National Heart Foundation of Australia (NHF) recommended low-density lipoprotein cholesterol (LDL-C) levels of < 2.5 mmol/L were recorded in only 13% (528) of the population, and in 46.8% of those on LLT. Of those on LLT, 76% had total cholesterol < 5.5 mmol/L, but over 80% had total cholesterol levels above NHF-recommended levels of 4.0 mmol/L. Of the 842 classified at the highest CVD risk, only 26% were using LLT. Those aged > 60 years and on low incomes were significantly more likely to use LLT. The new PBS criteria will expand eligibility to include nearly 20% of adults. Conclusions: The majority of people at high risk of CVD were not receiving LLT, and LLT is not being used to its full effectiveness. People with low incomes or on government benefits or pensions were not less likely to use LLT than others under the PBS scheme. Whether higher copayments for those on low incomes who do not qualify for concessional payments is a significant barrier to LLT use needs further research.

APA, Harvard, Vancouver, ISO, and other styles

14

Brown, Elizabeth F. "Lessons from Efforts to Manage the Shift of Pensions to Defined Contribution Plans in the United States, Australia, and the United Kingdom." American Business Law Journal 53, no. 2 (April 27, 2016): 315–82. http://dx.doi.org/10.1111/ablj.12079.

Full text

APA, Harvard, Vancouver, ISO, and other styles

15

BANKS, C. NEVILLE, and ROMAN KRATOCHVIL. "CAUSES OF BLINDNESS IN AUSTRALIA: ANALYSIS OF PENSIONS GRANTED BY THE DEPARTMENT OF SOCIAL SECURITY ON THE GROUND OF BLINDNESS FOR THE YEAR ENDING 30 JUNE 1984." Australian and New Zealand Journal of Ophthalmology 14, no. 3 (August 1986): 263–68. http://dx.doi.org/10.1111/j.1442-9071.1986.tb00047.x.

Full text

APA, Harvard, Vancouver, ISO, and other styles

16

Green, D. H. "Alfred Edward Ringwood. 19 April 1930–12 November 1993." Biographical Memoirs of Fellows of the Royal Society 44 (January 1998): 351–62. http://dx.doi.org/10.1098/rsbm.1998.0023.

Full text

Abstract:

Ted Ringwood was born in Kew, an inner Melbourne suburb, on 19 April 1930, an only child in a family that identified strongly with Australia and with Melbourne in particular. Both his parents were Australian, but his mother's parents had come to Australia as Presbyterian emigrants from Ulster. His paternal grandfather was born in New Zealand, his paternal greatgrandfather in Australia and his grandmother in India. His father, also Alfred Edward Ringwood, enlisted as an 18–year–old in the First World War and fought in France, suffering gas attack, trench feet and other distressing experiences which impacted heavily on his later life. During the 1920s he held a variety of unskilled jobs and was essentially unemployed from the beginning of the Depression onwards. Ted's mother and extended family on both sides provided stability when his father joined Australia's large, itinerant ‘odd–jobbing’ labour force during the 1930s. (Later, his father received a war service pension.) Ted's mother, with clerical skills, supported the family through much of the Depression. However, the family's precarious financial position meant that Ted was boarded out with grandparents and relatives for extended periods. His maternal grandfather owned a small foundry in Fitzroy and successfully managed a small business through the Depression and the Second World War years.

APA, Harvard, Vancouver, ISO, and other styles

17

Short, Stephanie Doris, Hyo-Young Lee, Mi-Joung Lee, Eunok Park, and Farah Purwaningrum. "The Case for a Reciprocal Health Care Agreement between Australia and South Korea." Asia Pacific Journal of Health Management 16, no. 1 (February 28, 2021): 21–27. http://dx.doi.org/10.24083/apjhm.v16i1.505.

Full text

Abstract:

Objectives: This study presents the case for a reciprocal health care agreement (RHCA) between Australia and South Korea. Design and Setting: The research utilised a qualitative social scientific methodology. Document analysis was conducted on government reports, official statistics and media articles in English and Korean. Main outcomes: In Australia, the Health Insurance Act 1973 enables health care agreements with 11 nations, however, Korea has no similar legislation in place. Therefore, Korea would need to build a broader consensus on the need for a RHCA in full, based on the precedent of Australia's agreements with other nations, as well as on the Korean Pension Act, which has enabled reciprocal (equal treatment among the countries) pension agreements with 28 nations through an exceptive clause. Results: The active government commitment and involvement of the Ministry of Health and the Department of Foreign Affairs and Trade in Australia, and of the Ministry of Health & Welfare and Ministry of Foreign Affairs in South Korea, would be essential for a successful RHCA process to come to fruition. Conclusions: While a potential health care agreement between Australia and Korea would constitute a significant step forward in strengthening people-to-people links between these two significant trading partners in the spirit of health diplomacy, the feasibility at the current time is very low indeed.

APA, Harvard, Vancouver, ISO, and other styles

18

Temple, Jeromey, Sue Booth, and Christina Pollard. "Social Assistance Payments and Food Insecurity in Australia: Evidence from the Household Expenditure Survey." International Journal of Environmental Research and Public Health 16, no. 3 (February 4, 2019): 455. http://dx.doi.org/10.3390/ijerph16030455.

Full text

Abstract:

It is widely understood that households with low economic resources and poor labourmarket attachment are at considerable risk of food insecurity in Australia. However, little is knownabout variations in food insecurity by receipt of specific classes of social assistance payments thatare made through the social security system. Using newly released data from the 2016 HouseholdExpenditure Survey, this paper reports on variations in food insecurity prevalence across a range ofpayment types. We further investigated measures of financial wellbeing reported by food-insecurehouseholds in receipt of social assistance payments. Results showed that individuals in receiptof Newstart allowance (11%), Austudy/Abstudy (14%), the Disability Support Pension (12%),the Carer Payment (11%) and the Parenting Payment (9%) were at significantly higher risk of foodinsecurity compared to those in receipt of the Age Pension (<1%) or no payment at all (1.3%). Resultsfurther indicated that food-insecure households in receipt of social assistance payments enduredsignificant financial stress, with a large proportion co-currently experiencing “fuel” or “energy”poverty. Our results support calls by a range of Australian non-government organisations, politicians,and academics for a comprehensive review of the Australian social security system

APA, Harvard, Vancouver, ISO, and other styles

19

Bateman, Hazel, and Kevin Liu. "Pension reform: Australia and China compared." Economic and Political Studies 5, no. 4 (October 2, 2017): 456–74. http://dx.doi.org/10.1080/20954816.2017.1384620.

Full text

APA, Harvard, Vancouver, ISO, and other styles

20

Reddy, Wejendra, David Higgins, and Ron Wakefield. "An investigation of property-related decision practice of Australian fund managers." Journal of Property Investment & Finance 32, no. 3 (April 1, 2014): 282–305. http://dx.doi.org/10.1108/jpif-02-2014-0014.

Full text

Abstract:

Purpose – In Australia, the A$2.2 trillion managed funds industry including the large pension funds (known locally as superannuation funds) are the dominant institutional property investors. While statistical information on the level of Australian managed fund investments in property assets is widely available, comprehensive practical evidence on property asset allocation decision-making process is underdeveloped. The purpose of this research is to identify Australian fund manager's property asset allocation strategies and decision-making frameworks at strategic level. Design/methodology/approach – The research was undertaken in May-August 2011 using an in-depth semi-structured questionnaire administered by mail. The survey was targeted at 130 leading managed funds and asset consultants within Australia. Findings – The evaluation of the 79 survey respondents indicated that Australian fund manager's property allocation decision-making process is an interactive, sequential and continuous process involving multiple decision-makers (internal and external) complete with feedback loops. It involves a combination of quantitative analysis (mainly mean-variance analysis) and qualitative overlay (mainly judgement, or “gut-feeling”, and experience). In addition, the research provided evidence that the property allocation decision-making process varies depending on the size and type of managed fund. Practical implications – This research makes important contributions to both practical and academic fields. Information on strategic property allocation models and variables is not widely available, and there is little guiding theory related to the subject. Therefore, the conceptual frameworks developed from the research will help enhance academic theory and understanding in the area of property allocation decision making. Furthermore, the research provides small fund managers and industry practitioners with a platform from which to improve their own property allocation processes. Originality/value – In contrast to previous property decision-making research in Australia which has mainly focused on strategies at the property fund investment level, this research investigates the institutional property allocation decision-making process from a strategic position involving all major groups in the Australian managed funds industry.

APA, Harvard, Vancouver, ISO, and other styles

21

BATEMAN, HAZEL, and OLIVIA S. MITCHELL. "New evidence on pension plan design and administrative expenses: the Australian experience." Journal of Pension Economics and Finance 3, no. 1 (March 2004): 63–76. http://dx.doi.org/10.1017/s1474747204001465.

Full text

Abstract:

Policymakers seeking to design efficient and smoothly functioning pension systems for their aging workforces are beginning to acknowledge the key importance of administrative expenses when formulating rules for pension plan structure and fee disclosure requirements. This study explores the links between retirement plan offerings and pension expenses for a wide range of private and public sector pension plan types, using an invaluable new data set on two thousand Australian pension funds. Our analysis indicates how pension plan design can strongly influence plan expenses and consequently eventual retirement security.

APA, Harvard, Vancouver, ISO, and other styles

22

SY, WILSON. "Cost, performance and portfolio composition of small pension funds in Australia." Journal of Pension Economics and Finance 9, no. 3 (May 20, 2008): 345–68. http://dx.doi.org/10.1017/s1474747208003661.

Full text

Abstract:

AbstractCompared with large institutional pension funds, there is relatively little published research on small funds, which are defined in the Australian superannuation legislation as pension funds with less than five members. Small funds account for more than 20% of total pension assets and they are one of the fastest growing sectors and therefore play a significant part in the savings strategy for national retirement income. This paper contributes to the needed research by analysing the more granular audited accounting data collected for the subset of small funds regulated by the Australian Prudential Regulation Authority (APRA) over the last few years. The analysis provides new insights into the operating costs involved in running the funds, the investment performances and portfolio compositions of Small APRA Funds (SAF).

APA, Harvard, Vancouver, ISO, and other styles

23

Saunders, Peter, and Melissa Wong. "Pension Adequacy and the Pension Review." Economic and Labour Relations Review 22, no. 3 (November 2011): 7–26. http://dx.doi.org/10.1177/103530461102200302.

Full text

Abstract:

It has long been accepted that the adequacy of payments is a key objective of any social security system, where adequacy is defined as the ability of a payment to support a basic acceptable standard of living that is consistent with prevailing community standards. The 2009 Harmer Pension Review directed attention to the adequacy of the pension, an issue that has not been systematically examined in Australia for several decades. This article reviews alternative definitions of adequacy and shows that its basic features have been consistently recognised in official reports conducted over a long period. The deprivation approach is then described and shown to produce estimates that have a direct bearing on this conception of income adequacy. Using the results from two recent surveys, conducted in 2006 and 2010, the article compares levels of deprivation among groups defined on the basis of their principal source of income, including those dependent on an Age Pension and several other forms of social security payment. The results indicate that the adequacy of the Age Pension in 2006 was above that of payments awarded on the basis of disability, unemployment or sole parenthood, and also that the pension increase awarded following the Pension Review reduced deprivation among those who received it. However, the increase was not well targeted to those groups who required further assistance, as indicated by the levels of deprivation they were facing. Further application of the deprivation approach would provide new insights into the nature and extent of existing income inadequacies.

APA, Harvard, Vancouver, ISO, and other styles

24

CREEDY, JOHN, and RICHARD DISNEY. "The Australian Pension Scheme: Some Basic Analytics." Economic Record 65, no. 4 (December 1989): 357–68. http://dx.doi.org/10.1111/j.1475-4932.1989.tb00688.x.

Full text

APA, Harvard, Vancouver, ISO, and other styles

25

Tan, Monica Guo-Sze, and Marie-Anne Cam. "Explaining Pension Fund Product and Governance Disclosure in Australia." Australasian Accounting, Business and Finance Journal 7, no. 3 (2013): 49–68. http://dx.doi.org/10.14453/aabfj.v7i3.4.

Full text

APA, Harvard, Vancouver, ISO, and other styles

26

COLEMAN, ANTHONY D. F., NEIL ESHO, and MICHELLE WONG. "The impact of agency costs on the investment performance of Australian pension funds." Journal of Pension Economics and Finance 5, no. 3 (August 23, 2006): 299–324. http://dx.doi.org/10.1017/s1474747205002350.

Full text

Abstract:

This paper evaluates the overall investment performance of Australian pension funds by examining the determinants of risk-adjusted performance, and the relationship between risk, returns, and expenses. Using quarterly return data for 225 pension funds comprising 68% of total prudentially regulated pension fund assets, we find significant differences exist across fund types. On both a net return and risk-adjusted performance basis, not-for-profit funds significantly outperformed for-profit funds over the seven years to June 2002. We suggest that the performance difference is consistent with the hypothesis that agency costs in for-profit funds (due to non-representative trustee board structures and potential board member conflicts of interest) are greater than agency costs in not-for-profit funds (with representative trustee boards).

APA, Harvard, Vancouver, ISO, and other styles

27

Cho, Sang-Wook (Stanley), and Renuka Sane. "MEANS-TESTED AGE PENSIONS AND HOMEOWNERSHIP: IS THERE A LINK?" Macroeconomic Dynamics 17, no. 6 (April 12, 2012): 1281–310. http://dx.doi.org/10.1017/s1365100512000041.

Full text

Abstract:

Although several targeted welfare programs across the world have made owner-occupied housing exempt from the means test, relatively little is known about the impact of such exemption on portfolio choice and consumption. We study the Australian age pension scheme and argue that current uncapped exemption may lead to distortionary incentives for high levels of housing wealth to be sheltered from the means test. We set up a life-cycle model with explicit housing choice and borrowing constraints to match some key features of the Australian economy. We find that abolishing the exemption of owner-occupied housing in the assets test increases aggregate output, capital accumulation, and welfare, but decreases housing investment and homeownership. However, removing such distortions does not necessarily imply that all households would be better off. Lowering taxes to maintain fiscal balance would result in wealthy households experiencing a large welfare loss, whereas the majority of the population would benefit.

APA, Harvard, Vancouver, ISO, and other styles

28

BATEMAN, HAZEL, and SUSAN THORP. "Decentralized investment management: an analysis of non-profit pension funds." Journal of Pension Economics and Finance 6, no. 1 (February 14, 2007): 21–44. http://dx.doi.org/10.1017/s1474747206002484.

Full text

Abstract:

We investigate delegated investment management in private pension accounts using data from Australian accumulation (superannuation) funds. In Australian non-profit pension funds, trustees choose investment managers on behalf of members. We find that funds with many delegated managers have higher risk-adjusted returns than those with few. However funds with 13 or less specialized managers show no improvement over funds with a single diversified manager. All do worse than a benchmark portfolio of asset-class indices. Further, by using random selection to mimic the choices of an uninformed individual choosing from the same menu of delegate managers as used by trustees, we show that returns from pension funds with large numbers of trustee-selected managers compare favorably with returns from randomly selected, equally weighted portfolios. However this improvement falls off quickly for funds with fewer trustee-selected managers, or when randomly selected portfolios are also diversified across asset classes. Results indicate that an uninformed individual following a naive diversification strategy would have done as well as most trustee boards in this sample.

APA, Harvard, Vancouver, ISO, and other styles

29

Mu, Hongan, Ziwei Dai, Manting Long, Junru Xu, Caihong Liang, and Tao Jiang. "Transforming the Pension Industry Based on Aged Care Quality Reports." Scientific and Social Research 3, no. 5 (November 3, 2021): 18–23. http://dx.doi.org/10.36922/ssr.v3i5.1199.

Full text

Abstract:

With the intensification of population aging, the importance of the pension industry has gradually been reflected. The purpose of this study is to find mainly challenges in the pension industry by analyzing the Australian Aged Care Quality Reports. In recent years, Aged Care Quality reports have played a positive role in improving the service quality of aged care institutions and strengthening risk management. This study found that the risk factors in the aged care quality report are the key factors for the upgrading of the pension industry. With the help of traditional text data analysis and mining methods, we can effectively provide new growth points and breakthrough links for the upgrading of the pension industry. This research found the upgrading of the pension industry in the construction of basic hardware and software facilities, the level of informatization and intelligence, the improvement of the quality of aged care services, the improvement of medical problems, and the training of professionals. The research methods proposed in this study are significant to the upgrading of the current pension industry.

APA, Harvard, Vancouver, ISO, and other styles

30

Sheen, Veronica. "The implications of Australian women’s precarious employment for the later pension age." Economic and Labour Relations Review 28, no. 1 (February 6, 2017): 3–19. http://dx.doi.org/10.1177/1035304617690095.

Full text

Abstract:

The increase in pension eligibility ages in Australia, as elsewhere, throws into relief the consequences of gender inequality in employment. Because of career histories in lower paid and more insecure employment, a higher percentage of women than men are dependent on the age pension rather than on superannuation or savings and investments, and so will be disproportionately affected by deferred access. Yet, fewer women than men hold the types of ‘good jobs’ that will sustain them into an older age. Women are more likely to be sequestered in precarious employment, with reduced job quality and a greater potential for premature workforce exit. This article counterposes macro-level data drawn from national cross-sectional labour force statistics and the longitudinal Household Income and Labour Dynamics Australia survey, with case study analysis, based on interviews with 38 women in midlife insecure jobs, in order to identify the types of life course and labour market barriers that contribute to women’s reliance on the pension and the systemic disadvantage that will render them particularly vulnerable to any further erosion of this safety net. The analysis moves between this empirical evidence and a discussion, drawing on the theoretical literature, of the failure in equal opportunity endeavours over recent decades and what this means for later life workforce participation for women. JEL Codes: D91, J16, J71, J88

APA, Harvard, Vancouver, ISO, and other styles

31

MacDougall, Audrey. "Pensioners in Poverty: The Impact of Benefits-in-Kind on Pensioner Incomes and Poverty Measures in Australia, Ireland and the UK." European Journal of Social Security 6, no. 2 (June 2004): 155–79. http://dx.doi.org/10.1177/138826270400600204.

Full text

APA, Harvard, Vancouver, ISO, and other styles

32

SAUNDERS, PETER. "Mutual Obligation, Participation and Popularity: Social Security Reform in Australia." Journal of Social Policy 31, no. 1 (January 2002): 21–38. http://dx.doi.org/10.1017/s0047279402006499.

Full text

Abstract:

Mutual obligation – the idea that those who receive assistance in times of need should be required to ‘give something back’ – is the driving force behind the current social security reform agenda in Australia. After more than a decade of intense reform, the Australian Government is considering a reform blueprint based on the recommendations of a Welfare Reform Reference Group. These include proposals to increase mutual obligation requirements on the unemployed and that sole parents and disability support pensioners should be required to demonstrate some form of social or economic participation in return for receiving income support. Results from a national survey of public opinion are used to explore community views on a range of mutual obligation requirements for the unemployed. The analysis indicates that there is support for mutual obligation for the young and long-term unemployed, but not for others, such as the older unemployed, those caring for young children and those with a disability. Most people also see mutual obligation as implying action on the part of government to reduce unemployment and ease the plight of the unemployed.

APA, Harvard, Vancouver, ISO, and other styles

33

INKMANN, JOACHIM, and ZHEN SHI. "Life-cycle patterns in the design and adoption of default funds in DC pension plans." Journal of Pension Economics and Finance 15, no. 4 (January 26, 2015): 429–54. http://dx.doi.org/10.1017/s1474747214000511.

Full text

Abstract:

AbstractWe argue that we should see a negative relationship between the share of risky assets in the default fund of a defined contribution (DC) pension plan and the average plan member age if trustees design the default fund in line with predictions from the life-cycle portfolio choice theory. Adoption of the default fund should be low in DC plans with high member age dispersion if default funds are indeed designed for the average plan member and members become aware of this. From analyzing a panel dataset of Australian DC pension plans, we obtain results that are consistent with both hypotheses.

APA, Harvard, Vancouver, ISO, and other styles

34

Kornfeld, Robert. "The Effects of Union Membership on Wages and Employee Benefits: The Case of Australia." ILR Review 47, no. 1 (October 1993): 114–28. http://dx.doi.org/10.1177/001979399304700109.

Full text

Abstract:

In Australia, pay awards by government tribunals cover nearly the entire work force, and those awards set equal pay for comparable union and nonunion workers. Union members may, however, secure higher compensation through plant-level bargaining. This study uses 1984–88 panel data to estimate the magnitude of union effects on compensation by examining changes in the compensation of employees who enter and leave union jobs, relative to changes in the compensation of workers who remain union or nonunion. The results show that union workers in Australia enjoy 7–18% higher wages than comparable nonunion workers and are also more likely to have access to a pension plan.

APA, Harvard, Vancouver, ISO, and other styles

35

Asher, Anthony, Ramona Meyricke, Susan Thorp, and Shang Wu. "Age pensioner decumulation: Responses to incentives, uncertainty and family need." Australian Journal of Management 42, no. 4 (May 3, 2017): 583–607. http://dx.doi.org/10.1177/0312896216682577.

Full text

Abstract:

Effective design and regulation of retirement benefits require accurate understanding of how the elderly decumulate. We analyse the income, assets and decumulation patterns of a longitudinal panel of 10,000 Australian age pensioners. On average, age pensioners preserve financial and residential wealth and leave substantial bequests. There is, however, considerable heterogeneity in decumulation patterns. Younger households generally run down financial wealth, while older households maintain their assets or save. Means-testing accelerates decumulation, with average drawdown rates 3% higher for pensioners subject to the income test relative to full pensioners and 9% higher for those subject to the asset test relative to full pensioners. Loss of a partner is linked to large falls in assets. The theoretical, empirical, and practical implications of these findings are discussed.

APA, Harvard, Vancouver, ISO, and other styles

36

Higgs, Helen, and Andrew C. Worthington. "Economies of scale and scope in Australian superannuation (pension) funds." Pensions: An International Journal 17, no. 4 (November 2012): 252–59. http://dx.doi.org/10.1057/pm.2012.29.

Full text

APA, Harvard, Vancouver, ISO, and other styles

37

Dabbs, Emily, and Cagri Kumru. "How Well Does the Australian Aged Pension Provide Social Insurance?" Australian Economic Papers 55, no. 3 (April 18, 2016): 192–211. http://dx.doi.org/10.1111/1467-8454.12070.

Full text

APA, Harvard, Vancouver, ISO, and other styles

38

McKenzie, Colin, Kei Sakata, and Shinya Kajitani. "USE IT TOO MUCH AND LOSE EVERYTHING? THE EFFECTS OF HOURS OF WORK ON HEALTH." Innovation in Aging 3, Supplement_1 (November 2019): S940. http://dx.doi.org/10.1093/geroni/igz038.3418.

Full text

Abstract:

Abstract We examine the causal impact of working hours on various health outcomes of Australian men aged 40 and over. To capture the potential non-linear dependence of health status on working hours, the models for health outcomes include working hours and its square. We deal with the potential endogeneity of working hours by using the instrumental variable estimation technique using instruments based on the age for pension eligibility. A non-linear causal effect of working hours on health is confirmed. For males working relatively moderate hours (up to 20–24 hours for a week), an increase in working hours has a positive impact on health, but thereafter an increase in working hours has a negative impact on health. The results also indicate that there is a non-linear dependence of working hours on the pension eligibility age, and also a non-linear dependence of health outcomes on the pension elgibility when this last relationship is treated as a "reduced form" relationship.

APA, Harvard, Vancouver, ISO, and other styles

39

Kudrna, George, Chung Tran, and Alan Woodland. "FACING DEMOGRAPHIC CHALLENGES: PENSION CUTS OR TAX HIKES?" Macroeconomic Dynamics 23, no. 2 (February 21, 2018): 625–73. http://dx.doi.org/10.1017/s1365100516001292.

Full text

Abstract:

A challenge that faces many advanced economies is how to finance age-related spending programs as the population ages. In this paper, we investigate two policy options–pension cuts and tax hikes–to mitigate fiscal pressure arising in the special context of Australia, whose population is ageing fast while growing substantially in size due to immigration. Using a computable overlapping generations model, we find that while both policy reforms can achieve a similar fiscal goal, they lead to different distributional and welfare effects across income groups over time. Future generations prefer pension cuts, whereas current generations prefer tax hikes to finance government spending commitments. Moreover, within the tax hike option, taxing income or consumption results in opposing macroeconomic and welfare effects. Indeed, our opposing intra- and inter-temporal welfare outcomes highlight some political complexity when devising a more sustainable tax-transfer system.

APA, Harvard, Vancouver, ISO, and other styles

40

Mees, Bernard. "Risk shifting and the decline of defined benefit pension schemes in Australia." Accounting History Review 30, no. 1 (January 2, 2020): 69–87. http://dx.doi.org/10.1080/21552851.2020.1711527.

Full text

APA, Harvard, Vancouver, ISO, and other styles

41

Creedy, John, and Richard Disney. "Pension Schemes and Incentives: Case Studies from Australia and the United Kingdom." Australian Economic Review 23, no. 1 (September 1990): 23–32. http://dx.doi.org/10.1111/j.1467-8462.1990.tb00348.x.

Full text

APA, Harvard, Vancouver, ISO, and other styles

42

Dollery, Brian, Andrew Johnson, and Joel Byrnes. "Cost Shifting in Australian Local Government: an analysis of the spatial impact of pensioner rate concession rebates in New South Wales, Australia." Australian Geographer 39, no. 4 (December 2008): 467–78. http://dx.doi.org/10.1080/00049180802419195.

Full text

APA, Harvard, Vancouver, ISO, and other styles

43

Ganegoda, Amandha, and John Evans. "The Australian retirement lottery: A system failure." Australian Journal of Management 42, no. 1 (July 9, 2016): 3–31. http://dx.doi.org/10.1177/0312896214554267.

Full text

Abstract:

The purpose of this paper is to assess the adequacy of the Australian retirement system to fund the needs of retirees by taking into account both the Knightian risk arising from market volatility under normal market conditions as well as the Knightian uncertainty arising from rare but severe market shocks. We have also taken into account changes in employment during the pre-retirement phase. Given the low frequency, high impact of market shocks, the result is that cohorts of Australian retirees will enjoy very different levels of retirement income and there will be consequent shocks to the demand for the Age Pension supplement and potentially, significant variations in the standard of living in retirement for Australian employees. Whilst the Australian retirement system has been put forward as a model for other economies to follow, we find there is a fundamental flaw in the system.

APA, Harvard, Vancouver, ISO, and other styles

44

Gordon, Isabel. "Pension Accounting: How Large Australian Companies are ‘Paying Up’ for Superannuation." Australian Accounting Review 11, no. 24 (July 2001): 52–61. http://dx.doi.org/10.1111/j.1835-2561.2001.tb00180.x.

Full text

APA, Harvard, Vancouver, ISO, and other styles

45

Riach, Kathleen. "Older Workers: Learning from Three International Experiences." Social Policy and Society 5, no. 4 (September 4, 2006): 551–63. http://dx.doi.org/10.1017/s1474746406003253.

Full text

Abstract:

The contributions in this issue serve as a timely reminder of the importance of choice and autonomy in later working life. As the UK embarks on legislation prohibiting age discrimination, this paper discusses international lessons which can be drawn from older worker experience and related policy in Japan, Australia and the United States. By exploring the integral role of social and cultural norms in the development of pension, retirement and anti-discrimination reform, it emphasizes the importance of taking a holistic approach to older worker opportunity which ensures that practice reflects the intentions behind policy.

APA, Harvard, Vancouver, ISO, and other styles

46

Tennant, Christopher, Kerry Goulston, and Owen Dent. "Australian Prisoners of War of the Japanese: Post-War Psychiatric Hospitalisation and Psychological Morbidity." Australian & New Zealand Journal of Psychiatry 20, no. 3 (September 1986): 334–40. http://dx.doi.org/10.3109/00048678609158880.

Full text

Abstract:

Evidence of chronic psychiatric and psychosomatic morbidity was found in a randomly selected sample of Australian prisoners of war (POWs) of the Japanese over the 40-year period following the Second World War. A clinical interview revealed more contemporary depressive and anxiety disorders and more post-war psychiatric illness overall than in a comparison group of randomly selected combatant veterans of the Pacific and South East Asian campaign. The POWs were no more likely to have had psychiatric admissions than non-POWs and fewer of them had had multiple psychiatric admissions. POWs had more duodenal ulcers than controls but otherwise their physical health was similar, as was their age-adjusted mortality in the post-war years. Finally, POWs were more likely to have Totally and Permanently Incapacitated Service Pensions than controls.

APA, Harvard, Vancouver, ISO, and other styles

47

Zhu, Rong. "Retirement and voluntary work provision: Evidence from the Australian Age Pension reform." Journal of Economic Behavior & Organization 190 (October 2021): 674–90. http://dx.doi.org/10.1016/j.jebo.2021.08.011.

Full text

APA, Harvard, Vancouver, ISO, and other styles

48

Yu, Serena. "Retiree Welfare and the 2009 Pension Increase: Impacts from an Australian Experiment." Economic Record 92, no. 296 (December 28, 2015): 67–80. http://dx.doi.org/10.1111/1475-4932.12237.

Full text

APA, Harvard, Vancouver, ISO, and other styles

49

KUDRNA, GEORGE, and ALAN D. WOODLAND. "Implications of the 2009 Age Pension Reform in Australia: A Dynamic General Equilibrium Analysis*." Economic Record 87, no. 277 (January 12, 2011): 183–201. http://dx.doi.org/10.1111/j.1475-4932.2010.00703.x.

Full text

APA, Harvard, Vancouver, ISO, and other styles

50

Tibi, François, Warrick Lanagan, and Whitney Merchant. "Making upstream infrastructure collaboration happen." APPEA Journal 60, no. 2 (2020): 551. http://dx.doi.org/10.1071/aj19156.

Full text

Abstract:

Major upstream and midstream developments are required in Australia to sustainably address the east coast gas price challenge and enable a new wave of liquefied natural gas (LNG) projects in Western Australia (WA) and the Northern Territory. Until now, each project in the WA offshore and Queensland coal seam gas systems has had its own midstream infrastructure, which is suboptimal for costs. Major players, including Chevron and Woodside, have expressed interest in a more optimal, shared ownership model, similar to others around the world. In the US Gulf of Mexico, pipeline owners established master limited partnerships to take advantage of tax benefits and to share cost with institutional investors. In Norway, high infrastructure costs led to government-mandated shared ownership. The momentum for change in Australia is gathering and includes increasing investor pressure on capital discipline for upstream companies, strong competition for final investment decisions across global LNG projects, stakeholder expectations to minimise the environmental footprint of energy projects, a strong appetite of infrastructure and pension funds for energy infrastructure assets and pipeline companies looking to expand their portfolios to realise synergies in view of increasing regulatory scrutiny and margin restrictions. This paper describes international benchmarks, identifies blockers and proposes action steps that will enable this crucial industry development.

APA, Harvard, Vancouver, ISO, and other styles

We offer discounts on all premium plans for authors whose works are included in thematic literature selections. Contact us to get a unique promo code!