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The economics and politics of retirement incomes policy in Australia
Author(s) -
Borowski Allan
Publication year - 1991
Publication title -
international social security review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.349
H-Index - 28
eISSN - 1468-246X
pISSN - 0020-871X
DOI - 10.1111/j.1468-246x.1991.tb00883.x
Subject(s) - politics , population ageing , economics , work (physics) , balance (ability) , retirement age , labour economics , population , demographic economics , development economics , political science , sociology , pension , finance , psychology , mechanical engineering , demography , law , engineering , neuroscience
The process of adjustment to the changing demographic balance in Australia over recent years has resulted infrequent and complex changes in Australia's retirement income arrangements. Many people have found great difficulty in understanding how these new arrangements are supposed to work. This article describes some of these recent changes and the factors that triggered them. It also examines what the elderly's reactions to these changes indicate about the nature of the “politics of ageing”. Beginning with an overview of population ageing in Australia, it then briefly outlines the major features of the country's retirement income system. This is followed by an examination of the factors that triggered the recent changes in retirement income arrangements. The last section describes the political response of Australia's elderly to these changes.