Coping with Population Ageing in Australia:
As in other OECD countries Australia's population is ageing progressively. On unchanged policies, this will increase government outlays for public pensions and health care, causing a deterioration in budget balances, and reduce economic growth (mainly by lowering growth in the labour force). Ne...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
1999
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| Schriftenreihe: | OECD Economics Department Working Papers
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | As in other OECD countries Australia's population is ageing progressively. On unchanged policies, this will increase government outlays for public pensions and health care, causing a deterioration in budget balances, and reduce economic growth (mainly by lowering growth in the labour force). Nevertheless, the prospective deterioration in Australia's budget finances is much less than in most other OECD countries because the government only provides the first pillar of retirement income arrangements and means tests this age pension. Moreover, superannuation (private pension fund) benefits are growing, reducing entitlements to the age pension. Even so, the budget costs of population ageing could be lowered by reducing the scope for early retirees to draw on superannuation savings and by requiring individuals to prefund part of the costs of long-term aged care. But the greatest challenge facing Australia policy makers in reducing the costs of population ageing is to roll back the trend ... |
| Beschreibung: | 1 Online-Ressource (67 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/616221120437 |
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| spelling | Carey, David Verfasser aut Coping with Population Ageing in Australia David Carey Paris OECD Publishing 1999 1 Online-Ressource (67 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers As in other OECD countries Australia's population is ageing progressively. On unchanged policies, this will increase government outlays for public pensions and health care, causing a deterioration in budget balances, and reduce economic growth (mainly by lowering growth in the labour force). Nevertheless, the prospective deterioration in Australia's budget finances is much less than in most other OECD countries because the government only provides the first pillar of retirement income arrangements and means tests this age pension. Moreover, superannuation (private pension fund) benefits are growing, reducing entitlements to the age pension. Even so, the budget costs of population ageing could be lowered by reducing the scope for early retirees to draw on superannuation savings and by requiring individuals to prefund part of the costs of long-term aged care. But the greatest challenge facing Australia policy makers in reducing the costs of population ageing is to roll back the trend ... Economics Australia https://doi.org/10.1787/616221120437 Verlag kostenfrei Volltext |
| spellingShingle | Carey, David Coping with Population Ageing in Australia Economics Australia |
| title | Coping with Population Ageing in Australia |
| title_auth | Coping with Population Ageing in Australia |
| title_exact_search | Coping with Population Ageing in Australia |
| title_exact_search_txtP | Coping with Population Ageing in Australia |
| title_full | Coping with Population Ageing in Australia David Carey |
| title_fullStr | Coping with Population Ageing in Australia David Carey |
| title_full_unstemmed | Coping with Population Ageing in Australia David Carey |
| title_short | Coping with Population Ageing in Australia |
| title_sort | coping with population ageing in australia |
| topic | Economics Australia |
| topic_facet | Economics Australia |
| url | https://doi.org/10.1787/616221120437 |
| work_keys_str_mv | AT careydavid copingwithpopulationageinginaustralia |