Please use this identifier to cite or link to this item: https://hdl.handle.net/10620/18213
Full metadata record
DC FieldValueLanguage
dc.contributor.authorKudrna, Georgeen
dc.date.accessioned2019-04-13T03:42:07Zen
dc.date.accessioned2017-01-12T03:17:51Zen
dc.date.available2017-01-12T03:17:51Zen
dc.date.issued2016-04en
dc.identifier.urihttps://hdl.handle.net/10620/18213en
dc.identifier.urihttp://hdl.handle.net/10620/4306en
dc.description.abstractThe Australian age pension is non-contributory, funded through general tax revenues and means tested against pensioners’ private resources. This paper examines the economy-wide implications of policy changes to the means test and access age of the age pension. To this end, we applied an overlapping generations model stylised to the Australian economy, with the capacity to investigate tightening the existing means test (by increasing the taper rate at which the pension is withdrawn) and increasing the pension access age. The simulation results indicate that tightening the taper rate combined with lower income tax rates increases per capita labour supply, assets and long run welfare but reduces the welfare of current generations who have their pension cut. However, the welfare losses to current generations are shown to be mitigated by increasing the taper rate gradually over the next decade. Such reform results in a significant reduction in overall pension expenditures and has more equitable distributional implications compared to increasing the pension access age. We also show that population ageing further strengthens the case for means testing public pensions.en
dc.subjectAgeing -- Retirementen
dc.subjectAgeingen
dc.subjectBenefits and Paymentsen
dc.titleEconomy-wide effects of means-tested pensions: The case of Australiaen
dc.typeJournal Articlesen
dc.identifier.urlhttp://www.sciencedirect.com/science/article/pii/S2212828X16300238en
dc.identifier.surveyHILDAen
dc.description.keywordsOverlapping generationsen
dc.description.keywordsAgeingen
dc.description.keywordsRetirementen
dc.description.keywordsSocial securityen
dc.description.keywordsDynamic general equilibriumen
dc.description.keywordsMeans-tested pensions ; ; ; ;en
dc.identifier.journalThe Journal of the Economics of Ageingen
dc.identifier.volume7en
dc.description.pages17-29en
local.identifier.id4885en
dc.subject.dssAgeingen
dc.subject.dssmaincategoryBenefits and Paymentsen
dc.subject.dssmaincategoryAgeingen
dc.subject.dsssubcategoryRetirementen
dc.subject.flosseAgeingen
dc.relation.surveyHILDAen
dc.old.surveyvalueHILDAen
item.cerifentitytypePublications-
item.fulltextNo Fulltext-
item.grantfulltextnone-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.openairetypeJournal Articles-
Appears in Collections:Journal Articles
Show simple item record

Page view(s)

76
checked on Apr 15, 2024
Google icon

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.