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dc.contributor.authorBasu, Anup K.
dc.contributor.authorDrew, Michael E.
dc.contributor.editorAkimov, Alexandr
dc.date.accessioned2020-01-16T08:00:06Z
dc.date.available2020-01-16T08:00:06Z
dc.date.issued2009
dc.identifier.issn1836-8123
dc.identifier.otherRePEc:gri:fpaper:finance:200904
dc.identifier.urihttp://hdl.handle.net/10072/390414
dc.description.abstractA key feature of superannuation plan design is the assumption that members have long and continuous periods of employment over which contributions are made. This heroic design feature has led to debate on the adequacy of superannuation plans for those with interrupted employment, particularly the adverse impacts this has on the retirement income prospects of women. This paper employs non-parametric stochastic simulation to investigate two possible solutions to gender inequality in superannuation, higher contribution rates and more aggressive asset allocation. Our results suggest that while both these strategies in isolation are effective in reducing the current gender disparity in superannuation outcomes, they demand significant changes to current arrangements when employed individually to address the problem. A combined approach is found to be more powerful in ensuring a more equitable superannuation outcome for women, as it nullifies the relative disadvantage of interrupted employment with only modest changes to contribution rates and asset allocation.
dc.format.extent22 pages
dc.languageEnglish
dc.publisherGriffith University
dc.publisher.placeBrisbane, Australia
dc.relation.ispartofpagefrom1
dc.relation.ispartofpageto22
dc.subject.keywordsJ26 - Retirement; Retirement Policies
dc.subject.keywordsSuperannuation
dc.subject.keywordsGender
dc.title2009-04: The Case for Gender-Sensitive Superannuation Plan Design (Working paper)
dc.typeReport
dc.type.descriptionDiscussion Paper
gro.facultyGriffith Business School
gro.description.notepublicFinance
gro.rights.copyrightCopyright © 2010 by author(s). No part of this paper may be reproduced in any form, or stored in a retrieval system, without prior permission of the author(s).
gro.date.issued2009
gro.hasfulltextFull Text
gro.griffith.authorDrew, Michael E.


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