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  1. How effective are matching schemes in enticing low-income earners to save more for retirement?
    evidence from a national scheme
    Published: December 2020
    Publisher:  Melbourne Institute of Applied Economic and Social Research, Melbourne

    Concerns over the adequacy of low and middle-income earner contributions to retirement plans have led governments to introduce targeted matching schemes. In this study, we examine the effects of a simple and generous Australian scheme using... more

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    No inter-library loan

     

    Concerns over the adequacy of low and middle-income earner contributions to retirement plans have led governments to introduce targeted matching schemes. In this study, we examine the effects of a simple and generous Australian scheme using administrative tax-filer data, exploiting longitudinal changes in eligibility and match rates. We find small increases in the proportion who contribute and bunching at the eligible maximum, but lower average contributions because the matching payment displaces contributions of high contributors.Contributions through unmatched channels are also crowded out. These findings highlight the difficulties of targeting matching schemes and question the merits of simplifying them

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Melbourne Institute Working Paper Series ; no. 20, 27
    Subjects: Private pension; matching schemes; retirement income; aging population
    Other subjects: Array
    Scope: 1 Online-Ressource (circa 47 Seiten), Illustrationen
  2. Social security privatization and financial market risk : lessons from US financial history
  3. Social security privatization and financial market risk
    lessons from US financial history