A Consumption v. Savings Analysis of Increasing the Superannuation Guarantee Levy

IF 0.9 Q3 ECONOMICS

Economic Papers Pub Date : 2019-12-10 DOI:10.1111/1759-3441.12272

John R. Evans, Abdul Razeed

引用次数: 3

Abstract

The Superannuation Guarantee Levy (SGL) is scheduled to be increased from 2025, and there is evidence that an increase could be offset against wages. This paper uses a dynamic model to estimate the distribution of the impact of the SGL increase on both pre- and post-retirement standards of living. The paper shows the increase in the SGL rate has the potential to reduce current consumption for the mean household below the “first level of financial stress” (derived from ABS (6530) Table 11.4) whilst only marginally increasing post-retirement consumption. The SGL increase may not be an acceptable trade-off between current consumption and retirement savings.

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提高养老金保障税的消费与储蓄分析

养老金保障税(SGL)计划从2025年开始增加，有证据表明，这一增长可能会被工资抵消。本文采用一个动态模型来估计SGL增加对退休前和退休后生活水平的影响分布。该论文显示，SGL利率的增加有可能减少平均家庭的当前消费，低于“第一财政压力水平”(来自ABS(6530)表11.4)，同时只会略微增加退休后的消费。在当前消费和退休储蓄之间，SGL的增加可能不是一个可以接受的权衡。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economic Papers ECONOMICS-

CiteScore

2.30

自引率

0.00%

发文量

期刊介绍： Economic Papers is one of two journals published by the Economics Society of Australia. The journal features a balance of high quality research in applied economics and economic policy analysis which distinguishes it from other Australian journals. The intended audience is the broad range of economists working in business, government and academic communities within Australia and internationally who are interested in economic issues related to Australia and the Asia-Pacific region. Contributions are sought from economists working in these areas and should be written to be accessible to a wide section of our readership. All contributions are refereed.