Warren Sanderson, Stony Brook University (The State University of New York) and Sergei Scherbov, International Institute for Applied Systems Analysis (IIASA)
Turning 65 in 2016 doesn’t mean the same thing as hitting 65 in 1916. So why are we still using a population aging measure that was developed a century ago?
South Africa’s finance minister delivered a good mix of macro and micro-economic strategies to ensure the country survives economic uncertainty, restores confidence and achieves some growth.
Investors are encouraged to make bad financial decisions from the way that saving products are marketed. New research shows that fixing this is a can of ugly worms.
In a system where the age pension is designed to be needs-based, a strong asset test seems like an appropriate tax on the practice of bequeathing assets like superannuation to the next generation.
Hal Kendig, Australian National University and Andrew Podger, Australian National University
The government has dropped plans to index age pensions to CPI and opted instead to tighten income and assets test. These are welcome changes but more needs to be done.
Part-pensioner couples who own their own home and assets worth more than about A$800,000 are expected to lose their part-pension altogether, under proposals in the federal budget.
Playing the slogan game might degrade the political debate, but it worked alright for Tony Abbott – so now Bill Shorten’s launched into it ahead of the May budget. Labor has unveiled its “Mr Abbott. Don’t…