Journal Articles

Permanent URI for this collectionhttps://mro.massey.ac.nz/handle/10179/7915

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Author: search.filters.author.Young M

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    Security Psychology: New Perspectives From the COVID-19 Pandemic
    (PsychOpen GOLD/ Leibniz Institute for Psychology, 2025-12-19) Hopner V; Carr S; Young M; Nelson N; Hodgetts D; Szabó ZP
    In 1994, the United Nations human security taxonomy signaled a major shift from security as preservation of the nation-state towards a broader and more recent ‘decagonal’ model of human security (entailing everyday needs for personal, health, food, cyber, community, economic, national, environmental, political and, most recently, global security). Building on those foundations, this paper proposes a psychological theory of human security. The latter we propose is a question of ‘systems fit’ between everyday needs and priorities to official responses during crises like the COVID-19 pandemic. During COVID-19 lockdowns in 2021, across Australia and New Zealand, we asked N = 2,162 Australasians whether they had each type of security, how important each type was to them, and what each of the 10 sub-types of security meant to them. On face value, a pandemic is a primary threat to national public health. In everyday life, however, all 10 dimensions of human security remained salient and interconnected.
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    The Impact of Post-retirement Financial Market Participation on Retirement Income Sufficiency in Australia
    (Wiley, 2023-08-13) Xu X; Fang J; Young M; Zou L
    Using HILDA survey data, we document a strong positive relationship between post-retirement financial market participation and retiree income sufficiency in Australia. We find a 17% improvement in the income replacement ratio and a 3.26 times higher annuitised net wealth for financial market participants compared to non-participants. We further investigate how age, residence area, relationship status, education, health, and employment affect the main finding in all and female retirees. The results highlight the value of financial market participation in facilitating household retirement security and provide further support for the active promotion of household financial market participation, both in Australia and globally.
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    Retirement Income Sufficiency: A Comparison Study in Australia and New Zealand
    (MDPI AG, 15/02/2023) Xu X; Young M; Zou L; Fang J
    We use the 2018 survey data from the Household, Income, and Labour Dynamic (HILDA) in Australia and the Household Economic Survey (HES) in New Zealand to investigate the retirement income sufficiency in Australia and New Zealand. Our baseline results indicate that the annuitized net wealth is greater for Australian retirees than for New Zealand retirees. However, New Zealand retirees enjoy a higher level of life satisfaction than Australian retirees. Further analysis reveals a significant greater pre- and postretirement income for the top 10% of wealthy Australian retirees, mainly due to the higher level of homeownership in Australia within this group. Our study fills the gap in the existing literature, which studies the macro- and microlevel influences on Australia and New Zealand retirees, and it also offers important policy implications.
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    The economic impact of capital expenditures: Environmental regulatory delay as a source of competitive advantage?
    (1/01/2013) Wirth C; Chi J; Young M
    This study tests the proposal that by undertaking voluntary capital expenditures that are subject to lengthy environmental regulatory delays, listed companies can gain a competitive advantage. The stock market is found to react positively to new capital expenditure announcements when projects are expected to experience long delays in obtaining environmental regulatory approval. Two sources of potential competitive advantage are firm learning and first mover advantages. Lengthy delays in regulatory processes and high compliance costs incurred for environmentally-sensitive projects may allow firms opportunities to develop specialised capabilities and/or to deter industry competitors and new entrants, resulting in greater expected project NPVs. The findings also underscore the importance of non-financial environmental information to investors in their assessment of firm value. © 2013 Blackwell Publishing Ltd.
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    Retirement Income and Financial Market Participation in New Zealand
    (MDPI AG, 30/01/2023) Xu X; Young M; Zou L; Fang J
    Using New Zealand Household Economic Survey (HES) 2018 data, we examine the impact of direct financial market participation post-retirement on retirement income in New Zealand. Our results demonstrate the importance of post-retirement financial market participation in the enhancement of retirees’ financial well-being. We conclude that retirees who participate in the financial market enjoy a 78% increase in overall annuitised net wealth; further analysis also reveals a substantial 154% increase if government pensions are excluded from calculations of annuitised net wealth. Moreover, these retiree participants also show higher probabilities of financial-situation satisfaction. These results highlight the significant contribution to retirement income of direct financial market participation. Our paper sheds extra light on issues related to retirement financial well-being and has important implications for policy makers in New Zealand.