Impacts from delaying access to retirement benefits on welfare receipt and expenditure : evidence from a natural experiment
Umut Oguzoglu (University of Manitoba and IZA), Cain Polidano (Melbourne Institute, University of Melbourne), Ha Vu (Deakin University)
Governments are responding to fiscal pressures associated with aging populations by increasing the eligibility age for publicly-funded retirement benefits. However, recent studies show large resulting increases in the receipt of alternative payments, which raises concern that welfare savings are offset by increased inflows into alternative payments. Using administrative data to examine the impacts of female eligibility age increases in Australia, we find little evidence of this. Instead, most of the increase in receipt is because the delay mechanically extends the receipt time of people already on alternative payments. The implication is that fiscal savings are not being jeopardized by opportunistic behaviour.
Year of publication: |
June 2016
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Authors: | Oguzoglu, Umut ; Polidano, Cain ; Vu, Ha |
Publisher: |
Bonn, Germany : IZA |
Subject: | welfare substitution | retirement | aging population | Altersvorsorge | Retirement provision | Soziale Lage | Social situation | Ältere Menschen | Elderly people | Finanzierung der Sozialversicherung | Social security financing | Alternde Bevölkerung | Aging population | Australien | Australia |
Saved in:
freely available
Extent: | 1 Online-Ressource (circa 32 Seiten) Illustrationen |
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Series: | Discussion paper series / IZA. - Bonn : IZA, ZDB-ID 2120053-1. - Vol. no. 10014 |
Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature |
Language: | English |
Other identifiers: | hdl:10419/145148 [Handle] |
Classification: | H53 - Government Expenditures and Welfare Programs ; J26 - Retirement; Retirement Policies ; J01 - Labor Economics: General |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10011496971