Homeownership Effect on Retirement Adequacy and Government Transfers in Australia

20 Pages Posted: 27 Aug 2020

See all articles by John R. Evans

John R. Evans

Centre for Analysis of Complex Financial Systems

Abdul Razeed

The University of Sydney

Date Written: July 20, 2020

Abstract

Whilst the concept of an asset-based welfare system developed formally in the 1950s there is evidence in Australia that the philosophy developed well before then and has continued through advantages for those able to acquire a home over those that cannot in the retirement system. The net cost to government of the retirement system has been reduced below that which would have applied had the own home asset-based welfare system not been introduced. There are however implications for retirement adequacy for future retirees and costs to government in Australia if home ownership rates continue their recent decline.

Keywords: Asset-based welfare system, homeownership, retirement systems, Australian Pillar 4

JEL Classification: D63, H2, I3

Suggested Citation

Evans, John R. and Razeed, Abdul, Homeownership Effect on Retirement Adequacy and Government Transfers in Australia (July 20, 2020). Available at SSRN: https://ssrn.com/abstract=3656727 or http://dx.doi.org/10.2139/ssrn.3656727

John R. Evans (Contact Author)

Centre for Analysis of Complex Financial Systems ( email )

PO Box 363
Summer Hill, 2130
Australia

Abdul Razeed

The University of Sydney ( email )

University of Sydney
Sydney, NSW 2006
Australia

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
61
Abstract Views
450
Rank
637,858
PlumX Metrics