The Economics of Superannuation

The purpose of this article is to draw together some of the main economic issues relating to superannuation and retirement income arrangements more generally. The article is essentially descriptive, not prescriptive nor particularly analytical. It begins with an explanation of community objectives and moves on to canvass the criteria for government intervention. The main part of the article discusses the economic issues of savings, labour supply, financing and redistribution. This is followed by a brief review of the problems and prospects for Australian arrangements. The article finishes with a tentative conclusion about the main economic issues and themes that might attract debate and stimulate research. Copyright 1986 The University of Melbourne, Melbourne Institute of Applied Economic and Social Research.