A balancing approach: using the living standards framework to assess different retirement income policies
Coleman, Andrew

View/ Open
Cite this item:
Coleman, A. (2017). A balancing approach: using the living standards framework to assess different retirement income policies (Economics Discussion Papers Series No. 1703). University of Otago. Retrieved from http://hdl.handle.net/10523/7168
Permanent link to OUR Archive version:
http://hdl.handle.net/10523/7168
Abstract:
This paper evaluates four retirement income policies that could be adopted in
response to increasing longevity in terms of their marginal effects on economic
performance, equity, risk, social infrastructure, and sustainability. Compared to three
policies involving save-as-you-go funding (voluntary saving, government prefunding,
or a supplementary mandatory saving scheme), a pay-as-you-go funded expansion
New Zealand Superannuation is unattractive as it has the most disadvantages for all
but current middle-aged people. The other schemes provide different tradeoffs
between risk, economic growth, and equity. There are many good arguments to use
structured saving schemes in addition to New Zealand Superannuation.
Date:
2017-03
Publisher:
University of Otago
Series number:
1703
ISSN:
1178-2293
Keywords:
Retirement income policy; intergenerational economics; Treasury Living Standards framework
Research Type:
Discussion Paper
Languages:
English
Collections
- Economics [318]
- Discussion Paper [441]
The following licence files are associated with this item: