The Australian Retirement Income System
Structure, Effects and Future
Bibliographic Data
| ID | 13017996 |
|---|---|
| Authors | B W Martins (0000-0003-3098-6053, The University of Queensland, corresponding author), B Martin, Ning Xiang (0000-0002-9830-2749, The University of Queensland) |
| Year | 2015 |
| Volume | 1 |
| Issue | 2 |
| Pages | 133-143 |
| Publication date | 2015-03-11 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Work Aging and Retirement (JOURNAL) |
| Journal identifiers | ISSN: 2054-4650 • E-ISSN: 2054-4650 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1093/workar/wav003 |
| OpenAlex | W2113211885 |
| Language | EN |
| Citations received | 4 |
| References cited | 11 |
Australia’s retirement income institutions are under scrutiny in response to population ageing and economic uncertainties, like those of many other advanced industrial societies. This article provides an overview of the current system of retirement income institutions in Australia. It places them in the context of Australia’s distinctive welfare state and population ageing patterns, along with retirement patterns. The article describes Australia’s “four pillar” system, consisting of a means tested, noncontributory age pension, compulsory private superannuation, voluntary private superannuation, and home ownership. This system largely reinforces inequalities generated during Australian retirees’ lifetime employment, while further exaggerating the differences between home owners and others. The article outlines the main political–economic risks generated in the system, and ends by summarizing how the system’s main features are likely to frame future developments
Business · Context (archaeology · Demographic economics · Economic inequality · Economics · Geography · Inequality · Labour economics · Market economy · Pension · Pillar · Political science · Politics · Population · Population ageing · Scrutiny · Sociology · Welfare · Welfare state · Engineering · Financial Literacy, Pension, Retirement Analysis · Housing, Finance, and Neoliberalism · Retirement, Disability, and Employment · Finance · Law
Personal and Work-Oriented Characteristics Distinguishing Older Nurses’ Partial or Complete Actual Retirement Behavior over Three Years
Change in Job Satisfaction Negatively Predicts Change in Retirement Intentions
Retirement can wait
Why do older adults avoid seeking financial advice? Adviser anxiety in the Netherlands
Women and Retirement Pensions
Home ownership as a (crumbling) fourth pillar of social insurance in Australia
Thematic Review
The Wage Earners' Welfare State Revisited
Wage‐Earners' Welfare after Economic Reform
Universal Welfare by 'Other Means'? Social Tax Expenditures and the Australian Dual Welfare State
| Citations per year | 0.44 |
|---|---|
| Citation span | 2017 - 2023 (7) |
| Highly cited | No |