The Academy of Social Sciences in Australia in conjunction with the University of New South Wales and CEPAR is pleased to present the Academy's 2013 Keith Hancock Lecture by UNSW Scientia Professor John Piggott, a Fellow of the Academy of the Social Sciences in Australia.
Population ageing has challenged the standard 20th century retirement income paradigm, which relies on ever-growing payrolls to finance retirees. These structures have become unsustainable in many countries, and public promises have not been kept.
In this lecture, the challenges of retirement income provision in an era of demographic ageing are explained, and alternative approaches to the financing and design of retirement incomes are explored. Research analysis will be combined with country experience to argue for a set of policies suitable for this new demographic environment.