Most empirical studies of savings behaviour that explicitly take account of the influence of uncertainty consider for identiï¬cation data that describe the evolution of circumstances observed during an appreciable period of the life-course. Here we report results obtained for a dynamic...

  This study considers the efficacy of a tax incentivised savings scheme in context of decision making rigidities. Analysis is based on a classical life-cycle model of savings and investment decisions, augmented with a salience cost over participation in Individual Savings Accounts (ISAs)...

  This paper describes a structural dynamic microsimulation model that generates individualspeciï¬c data over a range of demographic and economic characteristics at annual intervals overthe life-course. The model is speciï¬cally designed to analyse the distributional implications of policy...

When comparing, say, the welfare derived from income by a family that is comprised of two adults and three children to that of a single adult, it is necessary to take into consideration the relative needs of the respective households. The most common means by which applied studies in economics...

This paper compares alternative approaches for estimating equivalence scales from household expenditure data. Discussion focuses upon the limitations of cross-sectional household survey data, and the implications for model estimation. Taking into consideration the biases that are associated with...

This paper considers whether an equivalence scale implicit in transfer policy can be inferred from summary measures of reranking. It is conjectured that, if the government has a distributional objective and formulates tax policy with a view to equitable treatment of income units, then adopting...

The last 60 years have seen Australia and the United Kingdom diverge, both socially and economically. This paper considers how the widening social gap between the two countries is reflected by their respective redistributive systems. The analysis is based upon two microsimulation procedures Ñ...

A dynamic microsimulation model of cohort earnings based on the Australian population aged between 20 and 55 years is described. A highly parsimonious modular structure is adopted to facilitate sensitivity analysis and enable additional characteristics to be added, should they be desired....

It is quite clear that the message has gone out to all too many of our constituents that savings can damage their retirement income. We cannot explain the collapse in savings in this country in any other way than by saying that people are being very rational and that about 40 per cent of working...