The Impact of Post-retirement Financial Market Participation on Retirement Income Sufficiency in Australia

Simple item page
dc.contributor.authorXu X
dc.contributor.authorFang J
dc.contributor.authorYoung M
dc.contributor.authorZou L
dc.date.accessioned2023-08-21T03:01:08Z
dc.date.accessioned2023-09-04T01:41:37Z
dc.date.available2023-08-21T03:01:08Z
dc.date.available2023-09-04T01:41:37Z
dc.date.issued2023-08-13
dc.date.updated2023-08-20T23:19:17Z
dc.description© 2023 The Authors.
dc.description.abstractUsing 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.
dc.description.confidentialfalse
dc.identifier.citationXu X, Fang J, Young M, Zou L. (2023). The Impact of Post-retirement Financial Market Participation on Retirement Income Sufficiency in Australia. Accounting and Finance.
dc.identifier.elements-typejournal-article
dc.identifier.harvestedMassey_Dark
dc.identifier.issn0810-5391
dc.identifier.urihttp://hdl.handle.net/10179/19992
dc.publisherWiley
dc.relation.isPartOfAccounting and Finance
dc.rightsCC BY-NC-ND 4.0
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.titleThe Impact of Post-retirement Financial Market Participation on Retirement Income Sufficiency in Australia
dc.typeJournal article
pubs.elements-id479810
pubs.organisational-groupMassey Business School
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Article A&F 2023.pdf
Size:
939.05 KB
Format:
Adobe Portable Document Format
Description:
Download
Collections
Journal Articles