The COVID-19 Early Release Scheme allowed Australian retirement plan participants in financial hardship immediate access to up to $A20,000 of their ‘preserved’ retirement savings, making otherwise illiquid balances temporarily liquid. Using administrative and survey data from a large...

In private pre-funded retirement savings systems, workers can be compelled by regulation to make minimum contributions to retirement accounts. We examine the impact of compulsory contributions into retirement savings (superannuation) accounts on individuals' lifetime consumption and wealth using...

Retirement saving is an area now jam-packed with defaults meant to address delayed or absent decision making. Yet, getting individuals engaged with retirement saving decisions is critical to avoid unsuitable one-size-fits-all defaults and optimise accumulated wealth. We apply a...

The COVID-19 Early Release Scheme allowed Australian retirement plan participants in financial hardship immediate access to up to $A20,000 of their ‘preserved’ retirement savings, making otherwise illiquid balances temporarily liquid. Using administrative and survey data from a large...

We conducted a choice experiment to investigate whether retirement savers follow simple portfolio theory when choosing investments. We modeled experimental survey data on 693 participants using a scale-adjusted version of the latent class choice model. Results show that underlying variability in...

We implement a customized survey to a representative sample of 1,024 Australians to examine the relationship between financial literacy and retirement planning. Overall we find aggregate levels of financial literacy similar to comparable countries with the young, least educated, unemployed and...