Improving Retirement Decisions: Theory, Evidence, and Policy Solutions. Many Australian retirees are not maximising their benefits by failing to convert their superannuation wealth from the accumulati

Description

Improving Retirement Decisions: Theory, Evidence, and Policy Solutions. Many Australian retirees are not maximising their benefits by failing to convert their superannuation wealth from the accumulation phase to the pension phase. This is a significant missed opportunity given the tax advantages of this conversion. This project aims to address this issue through surveys, product choice experiments, and randomised controlled trials, supported by access to administrative data from two major superannuation funds. The goal is to obtain empirical evidence on how well retirees manage their superannuation, identify behavioural biases, and design and test policies that may improve decumulation strategies. This would enhance government and industry processes and secure a better economic future for Australian retirees.. Scheme: Linkage Projects. Field: 3801 - Applied Economics. Lead: Prof Mikhail Anufriev