Modelling retirement income in New Zealand

Christopher Ball

New Zealand Economic Papers, 2014, vol. 48, issue 2, 209-225

Abstract: A microsimulation model is presented to project the fiscal impacts of retirement income policy in New Zealand, while extending the range of policies that can be evaluated. Socio-economic variables, such as income and education, are projected along with demographic variables, such as labour force participation and mortality, to provide a more comprehensive analysis of the impacts of pension reform in New Zealand. Mortality differentials are constructed based on socio-economic and demographic variables, and are used to derive future fiscal costs. The fiscal impact of four types of pension reform is presented. The reforms include an increase in the age of eligibility, a change in the annual adjustment process, a move to communal prefunding and a move to compulsory private savings with abatement.

Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/00779954.2013.874402 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:nzecpp:v:48:y:2014:i:2:p:209-225

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RNZP20

DOI: 10.1080/00779954.2013.874402

Access Statistics for this article

New Zealand Economic Papers is currently edited by Dennis Wesselbaum

More articles in New Zealand Economic Papers from Taylor & Francis Journals
Bibliographic data for series maintained by ().