A big shift in relative generosity of net transfers and final incomes for different age cohorts
Interesting paper
A big shift in relative generosity of net transfers and final incomes for different age cohorts
Interesting paper
Clear wins for achieving horizontal equity, boosting labour supply, smoothing consumption, reducing exclusion errors
Clear wins for achieving horizontal equity, boosting labour supply, smoothing consumption, reducing exclusion errors
Even bigger difference for the forwards too - $63 billion by 2026-27!
Even bigger difference for the forwards too - $63 billion by 2026-27!
www.cambridge.org/core/journal...
www.cambridge.org/core/journal...
Regressive, expensive and without any compelling equity justification
Regressive, expensive and without any compelling equity justification
From ~100% coverage in the 1970s to below 50% coverage in the 2020s 😬
From ~100% coverage in the 1970s to below 50% coverage in the 2020s 😬