Expenditure needs and drawdown of retirement savings during later life: how important are demographic factors and financial resources? Projections of expenditure patterns in retirement which allow for population heterogeneity will provide individuals with a better appreciation of their income needs and their savings requirements for a comfortable retirement. It will also enable financial institutions to develop products which better target retirees' needs over the course of retirement, and in ad ....Expenditure needs and drawdown of retirement savings during later life: how important are demographic factors and financial resources? Projections of expenditure patterns in retirement which allow for population heterogeneity will provide individuals with a better appreciation of their income needs and their savings requirements for a comfortable retirement. It will also enable financial institutions to develop products which better target retirees' needs over the course of retirement, and in addition it will enable improved assessment of aspects of Government income support policy. Specifically, understanding the complex interactions between private and public pensions, and concession card receipt upon expenditure behaviour, will enable more accurate costings of the public support of elderly families as Australia's population ages. Read moreRead less
Innovations in Demographic Modelling for Government Analysis and Planning. This project aims to create innovative and cutting-edge demographic models to better meet the needs of practitioners and researchers. Together with the partner organisations, Commonwealth Treasury and the Australian Bureau of Statistics, it will focus on creating more accurate and fit-for-purpose forecasting methods for Australian fertility, mortality, and migration, including a policy scenario model to produce population ....Innovations in Demographic Modelling for Government Analysis and Planning. This project aims to create innovative and cutting-edge demographic models to better meet the needs of practitioners and researchers. Together with the partner organisations, Commonwealth Treasury and the Australian Bureau of Statistics, it will focus on creating more accurate and fit-for-purpose forecasting methods for Australian fertility, mortality, and migration, including a policy scenario model to produce population projections by visa/citizenship category and Australians overseas. Expected outcomes of this project include improved forecasting methods reported in open-access papers, user-friendly forecasting software and tools for the partner organisations, and a stronger relationship between researchers and practitioners.Read moreRead less