Show simple item record

dc.contributor.authorGanegoda, A.
dc.contributor.authorEvans, John
dc.date.accessioned2018-02-01T05:24:30Z
dc.date.available2018-02-01T05:24:30Z
dc.date.created2018-02-01T04:49:09Z
dc.date.issued2017
dc.identifier.citationGanegoda, A. and Evans, J. 2017. The Australian retirement lottery: A system failure. Australian Journal of Management. 42 (1): pp. 3-31.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/62574
dc.identifier.doi10.1177/0312896214554267
dc.description.abstract

© 2015, © The Author(s) 2015. 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.

dc.publisherSage Publications
dc.titleThe Australian retirement lottery: A system failure
dc.typeJournal Article
dcterms.source.volume42
dcterms.source.number1
dcterms.source.startPage3
dcterms.source.endPage31
dcterms.source.issn0312-8962
dcterms.source.titleAustralian Journal of Management
curtin.departmentCBS International
curtin.accessStatusFulltext not available


Files in this item

FilesSizeFormatView

There are no files associated with this item.

This item appears in the following Collection(s)

Show simple item record