Managing an ageing population for income adequacy and fiscal sustainability. This project aims to improve understanding of the impacts of existing key reforms intended to ease fiscal pressures associated with population ageing. The right mix of retirement income policies is vital to Australia's fiscal sustainability, however the effectiveness of existing policies is unknown. The project expects to identify impacts of key reforms on employment, re-training, income, savings and future retirement i ....Managing an ageing population for income adequacy and fiscal sustainability. This project aims to improve understanding of the impacts of existing key reforms intended to ease fiscal pressures associated with population ageing. The right mix of retirement income policies is vital to Australia's fiscal sustainability, however the effectiveness of existing policies is unknown. The project expects to identify impacts of key reforms on employment, re-training, income, savings and future retirement income and public pension receipt. The project will develop a new tax records-based dataset to facilitate future research on tax and welfare systems.Read moreRead less
Human Capital, Cognitive Skills and Labour Market Outcomes. As Australia competes in the ‘educational race,’ this project will generate new knowledge on the relationship between education, skill attainment and economic outcomes in Australia. The research will provide new empirical evidence on cognitive and non-cognitive skills formation over the life-cycle, and the relationship between these skills and labour market outcomes in Australia within the broader international context. The research wil ....Human Capital, Cognitive Skills and Labour Market Outcomes. As Australia competes in the ‘educational race,’ this project will generate new knowledge on the relationship between education, skill attainment and economic outcomes in Australia. The research will provide new empirical evidence on cognitive and non-cognitive skills formation over the life-cycle, and the relationship between these skills and labour market outcomes in Australia within the broader international context. The research will advance methodological techniques for the economic analysis of cognitive skills and their economic impacts. The research will inform public policy formulation relating to educational attainment, skill development, and strategies to encourage longer workforce engagement over the life-cycle.Read moreRead less
Developing sustainable retirement policy in a Chinese province: the case of Zhejiang. Much Chinese national policy has its origins in provincial initiatives, and this is especially true of retirement policy, where information about individuals is held by provinces. This project examines Zhejiang Province, one of the most innovative in policy. It promises to yield rich insights into retirement policy formulation in China.
Integrating public and private retirement risk protection: public policy and business practice. Demographic shift has brought widespread calls for structures which allow both the private and public sectors to participate in retirement protection. This project will deliver outcomes for co-ordinating public policy and business practice to finance adequate retirement protection, and identify opportunities for specific outcome improvements.
An Integrated Approach to the Timing of Retirement: Life Cycle, Labour Force Heterogeneity, Financial Status and Public Support. This project will generate new knowledge on household decision making over retirement timing. National benefits will be generated through improved institutional design and policy formulation, which in turn will promote a labour market conducive to increased mature-age participation. The project involves collaboration across several institutions and will contribute to t ....An Integrated Approach to the Timing of Retirement: Life Cycle, Labour Force Heterogeneity, Financial Status and Public Support. This project will generate new knowledge on household decision making over retirement timing. National benefits will be generated through improved institutional design and policy formulation, which in turn will promote a labour market conducive to increased mature-age participation. The project involves collaboration across several institutions and will contribute to the development of research expertise through the training of PhDs and research assistants, creating a critical threshold of integrated research into ageing. This will facilitate a world-class presence in this important domain, thus contributing directly to the National Research Priority of Ageing Well, Ageing Productively.Read moreRead less
Robust Empirical Analysis of Consumption Poverty in Australia. Australia currently sends $47billion on income support programs, assisting 5.1 million people facing economic hardship. The aims of the project are to improve our understanding of economic poverty in Australia and contribute new methods to the field of poverty analysis. The analysis will include an assessment of the effectiveness of public programs targeted to the poor, and an evaluation of recent reforms to income support programs. ....Robust Empirical Analysis of Consumption Poverty in Australia. Australia currently sends $47billion on income support programs, assisting 5.1 million people facing economic hardship. The aims of the project are to improve our understanding of economic poverty in Australia and contribute new methods to the field of poverty analysis. The analysis will include an assessment of the effectiveness of public programs targeted to the poor, and an evaluation of recent reforms to income support programs. The project will also reveal the critical methodological assumptions underlying our current perceptions of poverty. This research will ultimately contribute to more effective poverty alleviation and income support programs in Australia.Read moreRead less
Family Responses to Economic Shocks and Policy Reforms over the Life Cycle. Australian social and economic policy requires a sophisticated understanding of the interaction of public policy with recent demographic trends, including the growth in fragile families and the ageing population. This project aims to develop innovative dynamic models of family decision-making to produce new estimates of the impact of significant Australian public policy reforms on labour supply, fertility, family formati ....Family Responses to Economic Shocks and Policy Reforms over the Life Cycle. Australian social and economic policy requires a sophisticated understanding of the interaction of public policy with recent demographic trends, including the growth in fragile families and the ageing population. This project aims to develop innovative dynamic models of family decision-making to produce new estimates of the impact of significant Australian public policy reforms on labour supply, fertility, family formation, and retirement decisions. Structural econometric models will be used to simulate the effects of variation in the design of the Parenting Payment Single, Age Pension and other programs. The project findings are expected to generate economic and social policy recommendations.Read moreRead less
Retirement asset decumulation: Adequacy, institutions and products. This proposal seeks to evaluate the present and future adequacy of retirement provision, and offers alternative, practical solutions to the problem of how to maximise the value of a retiree's accumulated assets and facilitate a financially secure retirement. First, a re-evaluation of the replacement rate as a measure of retirement provision adequacy will be undertaken. Second, the efficacy of new financial products and instituti ....Retirement asset decumulation: Adequacy, institutions and products. This proposal seeks to evaluate the present and future adequacy of retirement provision, and offers alternative, practical solutions to the problem of how to maximise the value of a retiree's accumulated assets and facilitate a financially secure retirement. First, a re-evaluation of the replacement rate as a measure of retirement provision adequacy will be undertaken. Second, the efficacy of new financial products and institutions designed to enhance the value of a retirement accumulation for retirement consumption will be analysed. Global trends towards population aging and increasing reliance on self-provision for retirement lends both urgency and significance to the proposed research.Read moreRead less
An Investigation of Chronic and Transitory Poverty in Australia in the Twenty-First Century. People in chronic poverty are unlikely to lead 'healthy, productive or fulfilling' lives. Their unrealized productive and creative potential is a loss to society as well as to the individuals themselves. The information about the intensity of chronic and transitory poverty in Australia that is generated by this project will enable government and charitable institutions to better allocate the substantial ....An Investigation of Chronic and Transitory Poverty in Australia in the Twenty-First Century. People in chronic poverty are unlikely to lead 'healthy, productive or fulfilling' lives. Their unrealized productive and creative potential is a loss to society as well as to the individuals themselves. The information about the intensity of chronic and transitory poverty in Australia that is generated by this project will enable government and charitable institutions to better allocate the substantial resources that they invest annually in programs to assist economically disadvantaged people. The project also has a training function: to develop the research capacity of a postgraduate student who will write a thesis on chronic poverty among children. Read moreRead less
Human-capital acquisition, technological improvement and product-market competition: theory and evidence. Japan has achieved its economic growth at a remarkable pace in the postwar period, and has become one of Australia's most important trade partners. This project is expected to benefit the Australian business community and governmental institutions by offering systematic investigations, both theoretically and empirically, on the recent transition taking place in the Japanese economy from prev ....Human-capital acquisition, technological improvement and product-market competition: theory and evidence. Japan has achieved its economic growth at a remarkable pace in the postwar period, and has become one of Australia's most important trade partners. This project is expected to benefit the Australian business community and governmental institutions by offering systematic investigations, both theoretically and empirically, on the recent transition taking place in the Japanese economy from previously unexplored perspectives by capturing interconnections among employment/labour market practices, product-market competition, and government-business relationships. It is envisaged that Australian industries and government could gain useful information from this project for effective formulation of their international trade strategies and policies.Read moreRead less