TY - JOUR
T1 - Superannuation
T2 - A Guide to the Field for Australian Economists
AU - Kingston, Geoffrey
PY - 2004
Y1 - 2004
N2 - There is a worldwide effort to identify international best practice in retirement income provision. Legions of superannuation experts have stepped forward, from the ranks of accountants, actuaries, demographers, financial analysts, lawyers -and economists. This paper seeks to compile disparate pieces of advice, distilled from recent research, which economists can usefully pass on to superannuation members, managers, trustees and policymakers. No prior knowledge of superannuation is assumed. Various policy issues are addressed, including the inadequacy of Australia's mandatory 9% contribution rate, the efficiency and equity costs of our unusual "front-end" superannuation taxes, and the tension in regulatory policy between protecting inactive or ill-informed contributors and giving well-informed contributors the right to back their personal judgements.
AB - There is a worldwide effort to identify international best practice in retirement income provision. Legions of superannuation experts have stepped forward, from the ranks of accountants, actuaries, demographers, financial analysts, lawyers -and economists. This paper seeks to compile disparate pieces of advice, distilled from recent research, which economists can usefully pass on to superannuation members, managers, trustees and policymakers. No prior knowledge of superannuation is assumed. Various policy issues are addressed, including the inadequacy of Australia's mandatory 9% contribution rate, the efficiency and equity costs of our unusual "front-end" superannuation taxes, and the tension in regulatory policy between protecting inactive or ill-informed contributors and giving well-informed contributors the right to back their personal judgements.
UR - http://www.scopus.com/inward/record.url?scp=84929995710&partnerID=8YFLogxK
U2 - 10.1016/S0313-5926(04)50019-X
DO - 10.1016/S0313-5926(04)50019-X
M3 - Article
AN - SCOPUS:84929995710
SN - 0313-5926
VL - 34
SP - 203
EP - 226
JO - Economic Analysis and Policy
JF - Economic Analysis and Policy
IS - 2
ER -