Show simple item record

dc.contributor.authorDrew, Michaelen_US
dc.contributor.authorStoltz, Pieteren_US
dc.contributor.authorWalk, Adamen_US
dc.contributor.authorWest, Jasonen_US
dc.contributor.editorGeorge A. (Sandy) Mackenzieen_US
dc.date.accessioned2017-05-03T12:48:24Z
dc.date.available2017-05-03T12:48:24Z
dc.date.issued2014en_US
dc.identifier.issn23266899en_US
dc.identifier.urihttp://hdl.handle.net/10072/63518
dc.description.abstractAustralia is increasing the legislated minimum and compulsory provision of retirement savings for employees (known as the superannuation guarantee, SG) from 9% to 12% of salary. Using a simulation approach, the article finds that retirement adequacy generally improves under the increased SG provision, particularly if a relatively favorable sequence of returns is experienced over the employee's working life. Using a variety of default options, the authors show that increasing the contributions of workers without appropriately altering the asset allocation strategy of their investments may expose them to greater sequencing risk, potentially undermining the objectives of the contribution increase. The retirement outcomes sought by increasing the SG can be achieved through a dynamic life-cycle approach to portfolio design without necessarily increasing the contribution rate.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_US
dc.languageEnglishen_US
dc.publisherInstitutional Investor Journalsen_US
dc.publisher.placeNew Yorken_US
dc.publisher.urihttp://www.iijournals.com/doi/abs/10.3905/jor.2014.1.4.057#sthash.oiAvlfHw.dpbsen_US
dc.relation.ispartofstudentpublicationNen_US
dc.relation.ispartofpagefrom57en_US
dc.relation.ispartofpageto74en_US
dc.relation.ispartofeditionSpringen_US
dc.relation.ispartofissue4en_US
dc.relation.ispartofjournalJournal of Retirementen_US
dc.relation.ispartofvolume1en_US
dc.rights.retentionYen_US
dc.subject.fieldofresearchFinanceen_US
dc.subject.fieldofresearchcode150201en_US
dc.titleRetirement Adequacy Through Higher Contributions: Is This the Only Way?en_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.hasfulltextNo Full Text


Files in this item

FilesSizeFormatView

There are no files associated with this item.

This item appears in the following Collection(s)

  • Journal articles
    Contains articles published by Griffith authors in scholarly journals.

Show simple item record