Retirement Income Sufficiency: A Comparison Study in Australia and New Zealand

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dc.citation.issue2
dc.citation.volume16
dc.contributor.authorXu X
dc.contributor.authorYoung M
dc.contributor.authorZou L
dc.contributor.authorFang J
dc.date.available2023-02-15
dc.date.issued2023-02-15
dc.description.abstractWe 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.
dc.description.confidentialfalse
dc.format.extent124 - 165 (41)
dc.identifierhttps://www.mdpi.com/journal/jrfm
dc.identifier.citationJournal of Risk and Financial Management, 2023, 16 (2), pp. 124 - 165 (41)
dc.identifier.doi10.3390/jrfm16020124
dc.identifier.elements-id459676
dc.identifier.harvestedMassey_Dark
dc.identifier.issn1911-8066
dc.languageEnglish
dc.publisherMDPI AG
dc.publisher.urihttps://www.mdpi.com/journal/jrfm
dc.relation.isPartOfJournal of Risk and Financial Management
dc.rightsCC BY
dc.subject.anzsrc1402 Applied Economics
dc.titleRetirement Income Sufficiency: A Comparison Study in Australia and New Zealand
dc.typeJournal article
pubs.notesNot known
pubs.organisational-group/Massey University
pubs.organisational-group/Massey University/Massey Business School
pubs.organisational-group/Massey University/Massey Business School/School of Economics and Finance
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