The public's positive impression of Australian superannuation comes from the rapid asset growth of the system and selective sampling inherent in focusing on performance of funds and options may over-estimate the performance of the whole system by two percent per annum due to survivorship bias....

Investment performance studies of pension or mutual funds have overall been too statistically inconclusive to create definitive rankings to help investors make fund selection decisions. This paper presents an alternative approach based on comparing the pension or mutual fund firms themselves...

Key economic concepts of saving and investment are defined and discussed in this paper. It is shown that the equation “saving=investment” is a fundamental fallacy of macroeconomics due to a confusion between real and financial variables, and also between stock and flow variables. Economic...