Towards a superannuation system fit for the future. Towards a superannuation system fit for the future. This project aims to develop a stochastic superannuation model and propose alternative post retirement solutions, using data-led understanding of savings habits. Funding for the increasing cost of the growing older population will, if not modelled, forecast and managed adequately, swamp all other welfare and state funded costs. To manage older age costs adequately, governments need to encourag ....Towards a superannuation system fit for the future. Towards a superannuation system fit for the future. This project aims to develop a stochastic superannuation model and propose alternative post retirement solutions, using data-led understanding of savings habits. Funding for the increasing cost of the growing older population will, if not modelled, forecast and managed adequately, swamp all other welfare and state funded costs. To manage older age costs adequately, governments need to encourage people to save and provide ways people can save—but need to better understand how people save money for their old age. This research is expected to enable the “superannuation change“ necessary for the superannuation system to remain sustainable and fund retirees to live well.Read moreRead less
Economic consequences for Australia of global demographic change. In addition to addressing the economic implications of declining fertility and mortality in Australia this study will analyse major changes in demographic behaviour in regions on which Australia's economic health depends and the consequent changes in the flow of migrants into Australia. A new mathematical model of global population change will be integrated into the standard GTAP-dynamic model of global economic performance to pr ....Economic consequences for Australia of global demographic change. In addition to addressing the economic implications of declining fertility and mortality in Australia this study will analyse major changes in demographic behaviour in regions on which Australia's economic health depends and the consequent changes in the flow of migrants into Australia. A new mathematical model of global population change will be integrated into the standard GTAP-dynamic model of global economic performance to provide a useful tool for future analysis of Australia's population and economic policies. The analysis will contribute to policy development and the models will be widely available to policy institutions for their use.Read moreRead less
Care Needs, Costs and the Capacity for Self-Provision: Detailed Regional Projections for Older Australians to 2020. Government is starting to address the policy challenges associated with population ageing and the future needs of the ageing baby boomers. At the moment, Australia does not have adequate strategic planning and decision-support tools for forecasting the future demand for care services by older Australians; the likely cost of such services; and the financial capacity of older Austral ....Care Needs, Costs and the Capacity for Self-Provision: Detailed Regional Projections for Older Australians to 2020. Government is starting to address the policy challenges associated with population ageing and the future needs of the ageing baby boomers. At the moment, Australia does not have adequate strategic planning and decision-support tools for forecasting the future demand for care services by older Australians; the likely cost of such services; and the financial capacity of older Australians to bear a greater share of these costs. This project therefore aims to develop a spatial microsimulation model to provide detailed regional projections for older Australians up to the year 2020 to help inform and assist with possible responses to these increasingly pressing social issues.Read moreRead less