Great (Retirement) Expectations: A Review of Retirement Income Policy and Changes to Expected and Preferred Retirement Age of Australian Workers

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ABSTRACT Research Question/Issue Retirement age expectations and preferences are shaped by individual, social, and government policy influences. Our paper reviews major policy changes in the Australian Retirement Income System over the past two decades and documents changes in Australian workers' expected and preferred retirement age. Research Findings/Insights We identify three key results. First, workers prefer to retire earlier than they expect to, on average. Second, both expected and preferred retirement age increased through the 2000s and 2010s but stalled from 2017. Third, a significant proportion of workers do not know when they expect to retire. Practitioner/Policy Implications In the absence of the ability to set a mandatory retirement age, a key objective of retirement policy has been to raise retirement age. Our results suggest that while workers' expectations and preferences reflect this, they have stalled somewhat. Further, a small but persistent proportion of workers do not form expectations which, given its importance in successful workforce exit plans and retirement wellbeing, presents a key challenge. Methods Used We describe changes in policy over the past two decades before describing patterns and dynamics in retirement age expectations and preferences of workers aged 45–60, 2003–2023 using the Household, Income and Labour Dynamics in Australia (HILDA) Survey.

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  • Cite Count Icon 3
  • 10.1186/s12960-018-0288-6
Preferred and actual retirement age of oral and maxillofacial surgeons aged 55 and older in the Netherlands: a longitudinal study from 2003 to 2016
  • May 30, 2018
  • Human Resources for Health
  • Joost C L Den Boer + 2 more

BackgroundIn workforce planning for oral and maxillofacial surgeons in the Netherlands, it is important to plan timely, as these dental specialists are required to earn both medical and dental degrees. An important factor to take into account in workforce planning is the outflow of the profession through retirement. In the workforce planning in the Netherlands, it was assumed that retirement plans are a predictor for the actual moment of retirement. The purpose of this study was to investigate this assumption.MethodsA standardised survey to investigate the work activity and retirement plans of oral and maxillofacial surgeons was conducted seven times between 2003 and 2016. With some minor variations, in every edition, all oral and maxillofacial surgeons aged 55 years and older who did not indicate to be retired in an earlier edition were invited to participate. The data of all seven editions was analysed to investigate what factors influence the actual retirement age. For the analyses of the data, ANOVA and linear regression were employed.ResultsThe response rate was at least 80% in all editions. For all editions combined, 185 surgeons were invited one or more times, of whom 170 responded at least once. Between 2003 and 2016, the mean preferred retirement age increased from 63.7 to 66.7. Two thirds of the respondents who participated in more than one edition had revised their preferred retirement age upwards. Regarding the difference between preferred and actual retirement age, 45% of the oral and maxillofacial surgeons retired at a higher age than originally preferred and another 14% was still working at the age the originally preferred to retire. Linear regression shows that preferred retirement age is associated with sex and the number of working hours and that actual retirement age is associated with preferred retirement age, earlier preference to decrease working hours and working in non-academic hospitals.ConclusionAltogether, it seems that in this group the preferred retirement age has some predictive value, but the oral and maxillofacial surgeons tend to retire at a higher age than they originally preferred to.

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  • 10.2139/ssrn.1703270
Structure and Distribution of Household Wealth in Australia: Cohort Differences and Retirement Issues
  • Nov 7, 2010
  • SSRN Electronic Journal
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Structure and Distribution of Household Wealth in Australia: Cohort Differences and Retirement Issues

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Differences in Job Security Satisfaction between Native and Migrant Workers in Australia: Exploring Gender Dimensions
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  • SSRN Electronic Journal
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Working hours mismatch, job strain and mental health among mature age workers in Australia
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Working hours mismatch, job strain and mental health among mature age workers in Australia

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The validity of the SF-36 in an Australian National Household Survey: demonstrating the applicability of the Household Income and Labour Dynamics in Australia (HILDA) Survey to examination of health inequalities
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BackgroundThe SF-36 is one of the most widely used self-completion measures of health status. The inclusion of the SF-36 in the first Australian national household panel survey, the Household, Income and Labour Dynamics in Australia (HILDA) Survey, provides an opportunity to investigate health inequalities. In this analysis we establish the psychometric properties and criterion validity of the SF-36 HILDA Survey data and examine scale profiles across a range of measures of socio-economic circumstance.MethodsData from 13,055 respondents who completed the first wave of the HILDA Survey were analysed to determine the psychometric properties of the SF-36 and the relationship of the SF-36 scales to other measures of health, disability, social functioning and demographic characteristics.ResultsResults of principle components analysis were similar to previous Australian and international reports. Survey scales demonstrated convergent and divergent validity, and different markers of social status demonstrated unique patterns of outcomes across the scales.ConclusionResults demonstrated the validity of the SF-36 data collected during the first wave of the HILDA Survey and support its use in research examining health inequalities and population health characteristics in Australia.

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  • 10.1111/j.1467-8462.2011.00650.x
What Determines Private School Choice? A Comparison between the United Kingdom and Australia
  • Sep 1, 2011
  • Australian Economic Review
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Australian Economic ReviewVolume 44, Issue 3 p. 308-320 Policy Forum: Funding of Public and Private Schools in Australia What Determines Private School Choice? A Comparison between the United Kingdom and Australia Lorraine Dearden, Lorraine Dearden Dearden: Institute of Education, University of London and Institute for Fiscal Studies; Ryan: Melbourne Institute of Applied Economic and Social Research, The University of Melbourne; Sibieta: Institute for Fiscal Studies.Search for more papers by this authorChris Ryan, Chris Ryan Dearden: Institute of Education, University of London and Institute for Fiscal Studies; Ryan: Melbourne Institute of Applied Economic and Social Research, The University of Melbourne; Sibieta: Institute for Fiscal Studies.Search for more papers by this authorLuke Sibieta, Luke Sibieta Dearden: Institute of Education, University of London and Institute for Fiscal Studies; Ryan: Melbourne Institute of Applied Economic and Social Research, The University of Melbourne; Sibieta: Institute for Fiscal Studies. The authors would like to thank the Australian Research Council (ARC) and Economic and Social Research Council (ESRC) for funding this research under their ARC–ESRC collaborative bid framework (Ref: ARC – LX0883152; ESRC – RES-000-22-2524). The authors would also like to thank Susan Dynarski and other conference participants who attended the Institute for Fiscal Studies event on ‘Determinants of Private Schooling’ on 17 June 2010 for constructive comments and suggestions. This article uses unit record data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey. The HILDA Project was initiated and is funded by the Australian Government Department of Families, Housing, Community Services and Indigenous Affairs (FaHCSIA) and is managed by the Melbourne Institute of Applied Economic and Social Research (Melbourne Institute). The findings and views reported in this article, however, are those of the authors and should not be attributed to either FaHCSIA or the Melbourne Institute. This article also uses the British Household Panel Survey (BHPS). Data from the BHPS were supplied by the UK Data Archive. Neither the original collectors of the data nor the archive bear any responsibility for the analysis or interpretations presented here.Search for more papers by this author Lorraine Dearden, Lorraine Dearden Dearden: Institute of Education, University of London and Institute for Fiscal Studies; Ryan: Melbourne Institute of Applied Economic and Social Research, The University of Melbourne; Sibieta: Institute for Fiscal Studies.Search for more papers by this authorChris Ryan, Chris Ryan Dearden: Institute of Education, University of London and Institute for Fiscal Studies; Ryan: Melbourne Institute of Applied Economic and Social Research, The University of Melbourne; Sibieta: Institute for Fiscal Studies.Search for more papers by this authorLuke Sibieta, Luke Sibieta Dearden: Institute of Education, University of London and Institute for Fiscal Studies; Ryan: Melbourne Institute of Applied Economic and Social Research, The University of Melbourne; Sibieta: Institute for Fiscal Studies. The authors would like to thank the Australian Research Council (ARC) and Economic and Social Research Council (ESRC) for funding this research under their ARC–ESRC collaborative bid framework (Ref: ARC – LX0883152; ESRC – RES-000-22-2524). The authors would also like to thank Susan Dynarski and other conference participants who attended the Institute for Fiscal Studies event on ‘Determinants of Private Schooling’ on 17 June 2010 for constructive comments and suggestions. This article uses unit record data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey. The HILDA Project was initiated and is funded by the Australian Government Department of Families, Housing, Community Services and Indigenous Affairs (FaHCSIA) and is managed by the Melbourne Institute of Applied Economic and Social Research (Melbourne Institute). The findings and views reported in this article, however, are those of the authors and should not be attributed to either FaHCSIA or the Melbourne Institute. This article also uses the British Household Panel Survey (BHPS). Data from the BHPS were supplied by the UK Data Archive. Neither the original collectors of the data nor the archive bear any responsibility for the analysis or interpretations presented here.Search for more papers by this author First published: 01 September 2011 https://doi.org/10.1111/j.1467-8462.2011.00650.xCitations: 10 Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinkedInRedditWechat Citing Literature Volume44, Issue3September 2011Pages 308-320 RelatedInformation

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Associations of nuptiality perceptions, financial difficulties, and socio-demographic factors with mental health status in Australian adults: Analysis of the Household, Income and Labour Dynamics in Australia (HILDA) survey
  • Feb 14, 2024
  • PLOS ONE
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  • 10.1371/journal.pone.0281099
Trajectories of wellbeing in people who live with gamblers experiencing a gambling problem: An 18-year longitudinal analysis of the Household, Income and Labour Dynamics in Australia (HILDA) survey
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In cross-sectional gambling studies, friends, family, and others close to those experiencing gambling problems (concerned significant others ‘CSOs’) tend to report detriments to their quality of life. To date, however, there have been no large, population-based longitudinal studies examining the health and wellbeing of CSOs. We analyse longitudinal data from the Household, Income and Labour Dynamics in Australia (HILDA) survey to examine the 18-year trajectories of general, social, health and financial wellbeing of household CSOs (n = 477) and compare these to those without a gambling problem in the household (n = 13,661). CSOs reported significantly worse long-term wellbeing than non-CSOs in their satisfaction with life, number of life stressors, and social, health and financial wellbeing. However, both social and financial wellbeing showed a temporal effect, declining significantly for CSOs at times closer to the exposure to the gambling problem. This finding suggests a causal link between living in a household with a person with a gambling problem and decreased CSO social and financial wellbeing. Policy responses, such as additional social and financial support, could be considered to assist CSOs impacted by another person’s gambling problem.

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Associations of nuptiality perceptions, financial difficulties, and socio-demographic factors with mental health status in Australian adults: Analysis of the Household, Income and Labour Dynamics in Australia (HILDA) survey.
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  • 10.1371/journal.pone.0233512.r006
Gender differences in the longitudinal association between obesity, and disability with workplace absenteeism in the Australian working population
  • May 27, 2020
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BackgroundExcess weight can increase absenteeism of workers and can have a negative influence on their productivity. Current evidence on this association is mostly based on cross-sectional data and there is little evidence concerning the longitudinal relationship between obesity, and disability with workplace absenteeism. Further, gender differences in this association have often ignored in the existing literature.ObjectivesThis study aims to examine gender differences in the longitudinal association between obesity, and disability with absenteeism in the workplace.MethodsData from thirteen waves (2006 to 2018) of the Household, Income and Labour Dynamics in Australia (HILDA) survey were pooled, resulting in 117,769 observations for 19,851 adult employees. The Zero-Inflated Negative Binomial (ZINB) regression model was deployed to investigate the links between obesity, and disability with workplace absenteeism for the total sample and stratified by gender.ResultsThe findings showed that overweight (Incidence Rate Ratio [IRR]: 1.23, 95% confidence interval [CI]: 1.02–1.47), obesity (IRR: 1.35, 95% CI: 1.12–1.64) and disability (IRR: 2.83, 95% CI: 2.36–3.38) were associated with prolonged workplace absenteeism irrespective of gender. This study found that the multiplicative interaction between weight status and gender is significantly associated with absenteeism. The results reveal that the rate of absenteeism was 2.79 times (IRR: 2.79, 95% CI: 1.96–3.97) and 1.73 times (IRR: 1.73, 95% CI: 1.20–2.48) higher among overweight and obese women than male counterparts, respectively. Moreover, this study found that the weight status of male workers is not associated with absenteeism. However, disability (IRR: 3.14, 95% CI: 2.43–4.05) is positively associated with longer days of absence among male workers. Finally, the study results showed that the rate of absenteeism is 1.82 (IRR: 1.82, 95% CI: 1.36–2.44), 1.61 (IRR: 1.61, 95% CI: 1.21–2.13), and 2.63 (IRR: 2.63, 95% CI: 1.99–3.48) times higher among overweight, obese, and female workers with a disability, respectively, compared with their lower weight counterparts.ConclusionsWorkplace absenteeism is significantly associated with overweight and obesity among Australian workers. An active workplace health promotion program is very important for weight management of overweight and obese workers and thus to reduce workplace absenteeism. For example, employers may provide incentives for maintaining recommended body weights, encourage exercise, and promote healthy diets amongst their workers.

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  • Cite Count Icon 22
  • 10.1371/journal.pone.0233512
Gender differences in the longitudinal association between obesity, and disability withworkplace absenteeism in the Australian working population.
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  • PloS one
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  • 10.1136/oemed-2023-108853
Does employment status mediate the association between disability status and mental health among young adults? Evidence from the Household, Income and Labour Dynamics in Australia (HILDA) survey
  • Jul 18, 2023
  • Occupational and Environmental Medicine
  • Marissa Shields + 5 more

ObjectiveYoung adults with disabilities are less likely to be employed and more likely to have poor mental health than peers without disabilities. Growing evidence shows that social determinants of health...

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