Retirement income modelling and policy development in Australia

Phil Gallagher and Alan Preston
Publication type


Conference Paper 93/3

Paper prepared for the Econonomic Modelling Bureau of Australia Conference on the Asia-Pacific Economy, Palm Cove, 27 August 1993.

This paper examines recent attempts to model the long-term impact of retirement income policies in their demographic, economic and policy contexts. The paper particularly concentrates on the work of the Retirement Income Modelling Task Force which is jointly sponsored by the Commonwealth Departments of Treasury, Finance and Social Security.

The strengths and limitations of the microsimulation models of the Task Force are examined. The work of the Task Force is used to raise management issues central to any Government modelling of policy issues.

The policy significance of current and planned Task Force analysis is explained.