Financing aged care in Australia: Mitigating fiscal gaps and maintaining intergenerational equity

With the imminent retirement of the baby boomers and population ageing, aged care will become one of the most crucial areas of social policy in the next two decades. There is a need to balance the expectations of the baby boomers in retirement with the costs placed upon younger generations. This project will create new and improved models to assess the economic and distributional consequences of aged-care financing options. The models will provide a tool for policy makers to help identify the best options to finance aged care in Australia in the short- and long-term