Massey Documents by Type

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Author: search.filters.author.Young MStart date: 2023

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Now showing 1 - 4 of 4
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    From Precarious Work to Sustainable Livelihoods: Introduction to the Volume
    (Routledge, 2023-10-05) Carr SC; Hodgetts DJ; Hopner V; Young M; Carr SC; Hopner V; Hodgetts DJ; Young M
    This volume further anchors often abstracted, global ideas like “universal decent work” within local situations, everyday work practices, and lived experiences. Relatedly, a historical strength of I/O psychology has been its focus on the diversity of sociocultural values and norms in the workplace, including at national, organizational, and individual levels (for a review). This chapter builds on, but also constructively away from, those foundations. Specifically, this chapter—like the contributions that follow—adds to these sociocultural considerations. We do so by including diversities associated with the various socioeconomic situations of different groups that are omnipresent at the hard edges of the wage, work security, and wellbeing spectra. Finally, this chapter and book take a deep dive into “who” has been systematically excluded from decent work in the past and how they might be systemically included in our collective and sustainable futures.
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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 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.