Australian men and women aged 65, are now expected to live around 20 additional years (ABS 2011). Typically, most will have retired by or at this age and will require a regular and adequate income stream to support them in retirement. Currently, for the majority of retirees, the age pension forms their principal source of income. However, although the age pension prevents extreme poverty, it has been criticised for its inadequacy, especially for those who are not home owners (Saunders and Wong 2011). The Superannuation Guarantee was introduced in 1993 to increase living standards of future retirees. Much research has been conducted on the adequacy of projected and actual superannuation savings, with many different definitions of ‘adequacy’ used.
|Title of host publication||Proceedings of the 42nd Australian Conference of Economists: Beyond the Frontiers: New Directions in Economics|
|Editors||David Butler, Maria Mangano|
|Place of Publication||Perth|
|Number of pages||24|
|Publication status||Published - 2013|
|Event||42nd Australian Conference of Economists - Murdoch University, Perth, Australia|
Duration: 7 Jul 2013 → 10 Jul 2013
|Conference||42nd Australian Conference of Economists|
|Period||7/07/13 → 10/07/13|
KEEGAN, M., D'SOUZA, G., & Cassells, R. (2013). Superannuation adequacy with voluntary contributions: A comparison of living standards. In D. Butler, & M. Mangano (Eds.), Proceedings of the 42nd Australian Conference of Economists: Beyond the Frontiers: New Directions in Economics (pp. 1-24). Perth: Murdoch University.