The current system is causing inefficiencies in housing markets, but governments seem unwilling to act.
Articles on age pension
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Hoping for the best is not a budget management strategy: but Australia can set realistic goals.
The only problem with an appeal to fairness is there is no single understanding of what the word means.
Having made a commitment to reduce spending, the federal government will have its work cut out with this year’s budget, which may require revisiting policy ideas that have caused it pain in the past.
What aspects of the government’s reforms succeeded in assisting people into employment? And did the reforms improve the population’s economic well-being? Or have they left some groups worse off?
Just 24% of those living in the poorest quarter of households support an increase in the Age Pension age.
The government’s inconsistent approach to pensioners who save is distorting behaviour, but there is a solution.
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.
If the 5.5 million unpaid carers didn’t look after others – at the expense of careers and incomes – taxpayers would bear the costs, so as a community we should give carers a fairer deal in retirement.
Australia’s rising number of pensioners leaves the government conflicted on pensions and how they are indexed.
The policy solution to the ageing population laid out in the Intergenerational Report benefits the better-off in the future over the less well-off today.
We have now had four IGRs and they’ve all said pretty much the same thing. Time to tackle the age-old problem.
The Intergenerational Report may actually be underestimating the scale of the budgetary challenges ahead.
Nobody denies spending on the Age Pension is growing, but the Intergenerational Report concentrates on fiscal projections and ignores retirement outcomes.
A good proportion of the Financial System Inquiry’s 460-page interim report is dedicated to a discussion of superannuation and, in particular, to making the financial system better at facilitating the…
The Commission of Audit has recommended including homes above a certain value in the means test that determines who gets the age pension and how much. Under the proposal, homes valued in excess of A$500,000…
Treasurer Joe Hockey last night stepped up his rhetoric on the the need for heavy government spending cuts, singling out the A$40 billion age pension cost as “much more than we spend on defence, or hospitals…
Talk about increasing the Age Pension eligibility age to 70 has generated a lot of anxiety and indignation. What seems to be going unnoticed in all the hype is that we have just experienced a round of…
Social services minister Kevin Andrews says a concern that the system is unsustainable is driving his review of welfare. It’s true that Australia has a budget sustainability problem. It’s not true that…
Top contributors
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Senior Research Associate, International Centre for Future Health Systems, UNSW, UNSW
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Program Director, Housing and Economic Security, Grattan Institute
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Professor, Crawford School of Public Policy, Australian National University
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Professiorial Fellow, The University of Melbourne
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Emeritus Professor of Housing and Housing Studies, RMIT University
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John Curtin Distinguished Professor, Curtin University
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Associate Professor, POLIS@ANU Centre for Social Policy Research, Australian National University
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Professorial Fellow, University of Canberra
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Associate Professor in the UNSW Business School, UNSW
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Chief executive officer, Grattan Institute
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Associate, Grattan Institute
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Director, POLIS: The ANU Centre for Social Policy Research, Australian National University
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Adjunct Professor, Curtin Law School and Curtin Business School, Curtin University
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Professor and Head of the Department of Banking and Finance, Monash University