Understanding New Zealand's Superannuation Scheme and Implications for the Macroeconomy
نویسندگان
چکیده
During the last two decades, many countries around the world with unfunded social security system have experienced an ageing problem. Some have opted for a compulsory private saving scheme. New Zealand, on the other hand, maintains a unique two-pillar system: universal pension as a public pillar and voluntary savings as a private pillar. This paper provides a summary of findings from the literature to shed some light on these issues. It examines the current social security arrangements in New Zealand and its implications for the macroeconomy, facing the aging problem.
منابع مشابه
Lessons from export to New Zealand of the second opinion appointed doctor scheme
Aims and method We compared findings of an audit of New Zealand's version of the second opinion appointed doctor (SOAD) scheme with published information on the equivalent scheme for England and Wales, to consider what might be learnt from the different jurisdictions' experience. Results Strong similarities exist between the two schemes in the demographic profile of individuals subject to the S...
متن کاملProposed Changes to Retirement Income Policy: Implications for the Labour Market with an Ageing Population Abstract: Australia’s retirement income system is based on three pillars: the age pension, the superannuation guarantee and voluntary savings, or voluntary superannuation
Australia’s retirement income system is based on three pillars: the age pension, the superannuation guarantee and voluntary savings, or voluntary superannuation contributions. The system is currently very topical, as earlier this year both the Federal Government and the Opposition released proposals to change retirement income policy. These policies have been designed to deal with a number of i...
متن کاملInstitutional Homogeneity and Choice in Superannuation
In this analysis of institutional investor performance, two questions are addressed. First, what degree of similarity is observed within the market place for retail superannuation funds? Second, what are the implications of homogenous behaviour for member choice policy? The answers from this study are as follows: as an industry, institutional investors destroyed value for superannuation investo...
متن کامللزوم توجه به انواع دلالتها در فقه الحدیث
In the process of hadith understanding, there is a need for an appropriate scientific approach; it is called "fiqh al-Hadith". Ignoring the principles of implications, thus, lead to mistakes in the understanding of the hadiths. In order to make the procedure of dealing with "fiqh al-Hadith" more comprehensive and up-to-date, Due to the kind of implications in hadiths. A ...
متن کاملImpressions of a young doctor entering general practice.
superannuation scheme for sister, nor indeed for other members of our staff, and this has long concerned us. This factor was a major one in Mrs Murray's decision to return to the staff of Great Ormond Street Hospital at the Tadworth Court branch, where her present income is supported by a superannuation scheme. If work of this kind is to be developed in general practice, some means of providing...
متن کامل