학술논문

Impacts from Delaying Access to Retirement Benefits on Welfare Receipt and Expenditure: Evidence from a Natural Experiment
Document Type
Academic Journal
Source
Economic Record. March, 2020, Vol. 96 Issue 312, p65, 22 p.
Subject
Welfare -- Analysis
Unemployment insurance -- Analysis
Social service -- Analysis
Retirement benefits -- Analysis
Business, international
Economics
Language
English
ISSN
0013-0249
Abstract
Governments are responding to fiscal pressures associated with ageing populations by increasing the eligibility age for publicly funded retirement benefits. However, recent studies show large resulting increases in the receipt of disability and unemployment benefits, which raises concern that welfare savings are offset by increased inflows into alternative payments. Using administrative data to examine the impacts of female eligibility age increases in Australia, we find little evidence of this. Instead, most of the increase is because the delay mechanically extends the receipt time of people already on alternative payments. The implication is that fiscal savings are not jeopardised by welfare substitution. Article Note: Data for this analysis is from the Research and Evaluation Database (RED), which was made available to the authors by the Australian Commonwealth Department of Employment and the Department of Social Services. We thank these departments for making the data available and assisting in its use. All research findings and opinions are those of the authors and should not be attributed to the Commonwealth Department of Employment, the University of Manitoba, Deakin University or the University of Melbourne. Due to the conditions of the agreement for accessing this data set, we cannot make it available for replication as part of the publication process. However, the data may be accessed via application to the Department of Social Services (https://www.dss.gov.au/contact/contact-the-department). The authors claim no conflicts of interest in the preparation or publication of this study. Byline: Umut Oguzoglu, Cain Polidano, Ha Vu