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Atkinson, Margaret E.; Creedy, John; Knox, David

doi:10.1023/a:1008604121778

Cited by 4 publications

(2 citation statements)

References 8 publications

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“…As we note later, the net fiscal incidence profiles across age groups by gender that we produce for New Zealand at a given point in time reveal remarkably similar patterns to the cross-time incidence that Auerbach et al (1992Auerbach et al ( , 1994 produce for the US and Ablett (1996) for Australia. 3 See, for example, Atkinson et al (1999), Creedy (1992Creedy ( , 1997, Creedy et al (1993Creedy et al ( , 2001, Leibman (2001), Gustman and Steinmeier (2000), Nelissen (1998), Fullerton and Rogers (1996).…”

Section: Previous Literaturementioning

confidence: 99%

The Distribution of Income and Fiscal Incidence by Age and Gender: Some Evidence from New Zealand

2013

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Section: Previous Literaturementioning

confidence: 99%

The Distribution of Income and Fiscal Incidence by Age and Gender: Some Evidence from New Zealand

2013

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“…The lack of integration between the first two pillars has been identified as a major problem with the Australian system (Atkinson et al, 1999). This is particularly due to the availability of lump sum retirement benefits from superannuation savings and no compulsion for superannuation balances to be taken in a pension form.…”

Section: Introductionmentioning

confidence: 99%

Compulsory Annuitisation: A Policy Option for Australia?

O'Meara¹,

Bruhn²

2013

AABFJ

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The use of lifetime annuities is one obvious candidate to deliver guaranteed income in retirement. This paper quantifies the marginal increase in income to a single male when compelled to purchase a lifetime annuity from superannuation savings, compared to the current position of voluntary annuitisation in the Australian market. It is found that significant increases in average income are possible under compulsion, with an associated decrease in the cost of the age pension. Future mortality is shown to be the key area of sensitivity. The critical importance of future age pension eligibility rules being adaptable in line with mortality changes is demonstrated.

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Portfolio Allocation in the Face of a Means‐tested Public Pension

Cobb‐Clark

Hildebrand

2011

Review of Income and Wealth

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Is there evidence that households adjust their asset portfolios just prior to retirement in response to a means-tested public pension? We address this question by estimating a system of asset equations constrained to add up to net worth. We nd little evidence that in 2006 healthy households or couples responded to the incentives embedded in the means test determining pension eligibility by reallocating their assets. While there are some signi cant differences in asset portfolios associated with being near the income threshold, being of pensionable age, and being in poor health these differences are often only marginally signi cant, are not robust across time, and are not clearly consistent with the incentives inherent in the pension eligibility rules. In 2006, any behavioral response to the means test seems to occur among single pensioners in poor health. Comparison with 2002 results suggests the incentives to reallocate assets may have weakened over time.Keywords: asset portfolios; means testing; public pension; household wealth JEL classi cation codes: H30; H31; D31 This paper uses con dentialised unit record le data from the Household, Income and Labor Dynamics in Australia (HILDA) survey. The HILDA Project was initiated and is funded by the Department of Families, Housing, Community Services, and Indigenous Affairs (FaHCSIA) and is managed by the Melbourne Institute of Applied Economic and Social Research (MIAESR). The ndings and views reported in this paper, however, are those of the authors and should not be attributed to FaHCSIA or MIAESR.y Deborah Cobb-Clark, Economics Program, RSSS, ANU, Canberra Australia 0200. E-mail: deborah. cobb-clark@anu.edu.au. Phone: (61)

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Untitled

Cited by 4 publications

References 8 publications

The Distribution of Income and Fiscal Incidence by Age and Gender: Some Evidence from New Zealand

The Distribution of Income and Fiscal Incidence by Age and Gender: Some Evidence from New Zealand

Compulsory Annuitisation: A Policy Option for Australia?

Portfolio Allocation in the Face of a Means‐tested Public Pension

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