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Australia: The Conning of Age

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  • Allen C. Kelley
  • James B. Duke

Abstract

Australia faces a relatively favourable demographic future: ageing is proceeding at a slower pace here, the pattern of the labour force ageing is conducive to restructuring in the intermediate future, and a well‐established immigration policy can be used to accommodate demographics with social and economic goals. The financing of social services for the aged will produce fewer concerns here partly because of less immediate demographic pressures and partly because of the orientation of the age‐pension system. Provided there are increasing investments in today's youth, then chances of longer term productivity retardation from ageing will be lessened and the necessary funding base for aged welfare secured.

Suggested Citation

  • Allen C. Kelley & James B. Duke, 1988. "Australia: The Conning of Age," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 21(2), pages 27-44, June.
    • Handle: RePEc:bla:ausecr:v:21:y:1988:i:2:p:27-44
    DOI: 10.1111/j.1467-8462.1988.tb00541.x
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    References listed on IDEAS

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    1. Clark,Robert L. & Spengler,Joseph J., 1980. "The Economics of Individual and Population Aging," Cambridge Books, Cambridge University Press, number 9780521297028, January.
    2. Easterlin, Richard A., 1987. "Birth and Fortune," University of Chicago Press Economics Books, University of Chicago Press, edition 2, number 9780226180328, December.
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