Policy Modelling for Ageing in Emerging Economies: The Case of Indonesia. This project, in collaboration with the World Bank and the Indonesian Planning Authority, will support major social and economic policy development in a rapidly ageing region. It will break new ground by developing a cutting-edge economic policy model reflecting salient features of ageing in emerging economies, taking into account the wider implications for education, employment, formalisation, growth, and retirement. It w ....Policy Modelling for Ageing in Emerging Economies: The Case of Indonesia. This project, in collaboration with the World Bank and the Indonesian Planning Authority, will support major social and economic policy development in a rapidly ageing region. It will break new ground by developing a cutting-edge economic policy model reflecting salient features of ageing in emerging economies, taking into account the wider implications for education, employment, formalisation, growth, and retirement. It will bring the armoury of policy analysis instruments available to these countries up to the standard now enjoyed by the developed world. Indonesia, on the brink of major pension reform, will be used as a test bed. Data sets will be developed to allow the model structure to be applied to other emerging economies in Asia. Read moreRead less
Talent Mismatch: Evidence from Australian Administrative Tax Records. The project aims to study the skill composition of the Australian workforce. Changes in the macroeconomic and technology environments make it hard to predict skill shortage. The project expects to develop macroeconomic models quantifying skill-mismatch of university graduates, identify sources of mismatch, highlight gender and generational differences, and estimate associated costs to Australia. The expected outcomes are to he ....Talent Mismatch: Evidence from Australian Administrative Tax Records. The project aims to study the skill composition of the Australian workforce. Changes in the macroeconomic and technology environments make it hard to predict skill shortage. The project expects to develop macroeconomic models quantifying skill-mismatch of university graduates, identify sources of mismatch, highlight gender and generational differences, and estimate associated costs to Australia. The expected outcomes are to help shape policy recommendations on the funding of tertiary education in a changing economic climate. This should provide significant benefits to Australians, as policies shaping the tertiary education system affect individual income and the aggregate economy by determining labour supply and taxpayers' financial burden.Read moreRead less
Long term economic impacts of disease on older workers to 2030: Costs to government and individuals and opportunities for intervention. This project will fill substantial gaps in Australian evidence about the health conditions of the future that will keep older workers out of the labour market and diminish their own immediate and long-term livings standards, thereby reducing funds available to government. We will address one of the most significant issues resulting from the fundamental changes t ....Long term economic impacts of disease on older workers to 2030: Costs to government and individuals and opportunities for intervention. This project will fill substantial gaps in Australian evidence about the health conditions of the future that will keep older workers out of the labour market and diminish their own immediate and long-term livings standards, thereby reducing funds available to government. We will address one of the most significant issues resulting from the fundamental changes to the demography of the Australian labour market and one that is regularly raised by the government following the release of the 2002 and 2007 Intergenerational Reports. This project will also examine the interventions that would improve the health of older workers and increase labour force participation over the long term.Read moreRead less
Retirement asset decumulation: Adequacy, institutions and products. This proposal seeks to evaluate the present and future adequacy of retirement provision, and offers alternative, practical solutions to the problem of how to maximise the value of a retiree's accumulated assets and facilitate a financially secure retirement. First, a re-evaluation of the replacement rate as a measure of retirement provision adequacy will be undertaken. Second, the efficacy of new financial products and instituti ....Retirement asset decumulation: Adequacy, institutions and products. This proposal seeks to evaluate the present and future adequacy of retirement provision, and offers alternative, practical solutions to the problem of how to maximise the value of a retiree's accumulated assets and facilitate a financially secure retirement. First, a re-evaluation of the replacement rate as a measure of retirement provision adequacy will be undertaken. Second, the efficacy of new financial products and institutions designed to enhance the value of a retirement accumulation for retirement consumption will be analysed. Global trends towards population aging and increasing reliance on self-provision for retirement lends both urgency and significance to the proposed research.Read moreRead less
Understanding the Saving Behaviour of Australian Households: Private Retirement Provision and the Policy of Forced Saving. The outcomes from the research on Australian retirement saving behaviour will generate a range of national benefits. First, the collaboration of researchers across institutions, and internationally, will enhance and promote Australian research skills. Second, Australian research will be will be placed at the forefront of an important, international field. Third, the research ....Understanding the Saving Behaviour of Australian Households: Private Retirement Provision and the Policy of Forced Saving. The outcomes from the research on Australian retirement saving behaviour will generate a range of national benefits. First, the collaboration of researchers across institutions, and internationally, will enhance and promote Australian research skills. Second, Australian research will be will be placed at the forefront of an important, international field. Third, the research will make fundamental contributions to the evidence base for the design of public policies to ensure Australians have access to adequate resources in retirement. This is an urgent public policy concern due to the rapid ageing of the Australian population: the fraction aged over 65 years is forecast to double from 10% to 20% over the next 40 years.Read moreRead less
An Integrated Approach to the Timing of Retirement: Life Cycle, Labour Force Heterogeneity, Financial Status and Public Support. This project will generate new knowledge on household decision making over retirement timing. National benefits will be generated through improved institutional design and policy formulation, which in turn will promote a labour market conducive to increased mature-age participation. The project involves collaboration across several institutions and will contribute to t ....An Integrated Approach to the Timing of Retirement: Life Cycle, Labour Force Heterogeneity, Financial Status and Public Support. This project will generate new knowledge on household decision making over retirement timing. National benefits will be generated through improved institutional design and policy formulation, which in turn will promote a labour market conducive to increased mature-age participation. The project involves collaboration across several institutions and will contribute to the development of research expertise through the training of PhDs and research assistants, creating a critical threshold of integrated research into ageing. This will facilitate a world-class presence in this important domain, thus contributing directly to the National Research Priority of Ageing Well, Ageing Productively.Read moreRead less
The Labour Supply and Saving of Older Australians: Behavioural Responses and Economic Impact. This project aims to enhance our understanding of the economic impacts of labour force participation and saving behaviour of those in the retirement "window" (55-65 years), through econometric investigation, economy-wide modelling, and stochastic simulation. Such analysis is important because demographic transition is triggering volatile change in retirement related policies. Neither saving behaviour un ....The Labour Supply and Saving of Older Australians: Behavioural Responses and Economic Impact. This project aims to enhance our understanding of the economic impacts of labour force participation and saving behaviour of those in the retirement "window" (55-65 years), through econometric investigation, economy-wide modelling, and stochastic simulation. Such analysis is important because demographic transition is triggering volatile change in retirement related policies. Neither saving behaviour under a mandatory retirement saving regime nor labour supply in the retirement window is well understood. Aggregate labour supply and saving response to policy change have major implications for both government obligations and market efficiency. The outcomes of the project are thus expected to better inform policy formulation.Read moreRead less
Economic impacts of disease on older workers: Costs to government and individuals and opportunities for intervention. With an ageing workforce, Australia is at risk of having an inadequate workforce to ensure economic growth and to maintain sufficient taxation revenue to support future needs.
This project will provide fill substantial gaps in the Australian evidence the health conditions that keep older workers out of the labour market and that diminish their own immediate and long-term livi ....Economic impacts of disease on older workers: Costs to government and individuals and opportunities for intervention. With an ageing workforce, Australia is at risk of having an inadequate workforce to ensure economic growth and to maintain sufficient taxation revenue to support future needs.
This project will provide fill substantial gaps in the Australian evidence the health conditions that keep older workers out of the labour market and that diminish their own immediate and long-term livings standards and reduce funds available to government. We will address one of the most significant issues resulting fundamental changes to the demography of the Australian labour market and one is regularly raised by the Prime Minister and Treasurer in their speeches following the Intergenerational Report.Read moreRead less
Robust Empirical Analysis of Consumption Poverty in Australia. Australia currently sends $47billion on income support programs, assisting 5.1 million people facing economic hardship. The aims of the project are to improve our understanding of economic poverty in Australia and contribute new methods to the field of poverty analysis. The analysis will include an assessment of the effectiveness of public programs targeted to the poor, and an evaluation of recent reforms to income support programs. ....Robust Empirical Analysis of Consumption Poverty in Australia. Australia currently sends $47billion on income support programs, assisting 5.1 million people facing economic hardship. The aims of the project are to improve our understanding of economic poverty in Australia and contribute new methods to the field of poverty analysis. The analysis will include an assessment of the effectiveness of public programs targeted to the poor, and an evaluation of recent reforms to income support programs. The project will also reveal the critical methodological assumptions underlying our current perceptions of poverty. This research will ultimately contribute to more effective poverty alleviation and income support programs in Australia.Read moreRead less