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Retirement Adequacy of Indigenous Australians: A Baseline Study
Author(s) -
Bianchi Robert J.,
Drew Michael E.,
Walk Adam N.,
Wiafe Osei K.
Publication year - 2016
Publication title -
economic papers: a journal of applied economics and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.245
H-Index - 19
eISSN - 1759-3441
pISSN - 0812-0439
DOI - 10.1111/1759-3441.12154
Subject(s) - indigenous , baseline (sea) , demographic economics , construct (python library) , balance (ability) , health and retirement study , gerontology , economics , medicine , political science , computer science , ecology , law , physical medicine and rehabilitation , biology , programming language
This baseline study examines the retirement adequacy of indigenous Australians. Using indigenous Australian demographic and employment data, we construct a forty years retirement savings profile. We employ simulation techniques to estimate the superannuation balance of a “typical” indigenous worker. The findings reveal that the retirement outcomes of indigenous workers are approximately 27 per cent lower than the average non‐indigenous worker. We also provide baseline estimates of the gender gap in retirement outcomes for indigenous workers. We concede that improving indigenous lifetime outcomes is a significant public policy issue; one that requires many more policy levers than those available to financial economists.