Australia’s macroeconomic performance during the decade was much more stable than during the earlier mining booms, reflecting a stronger institutional framework.

Individual pension accounts are growing in importance as a pillar of retirement incomes policy in the developed world. Policy-makers have generally assumed that by introducing pre-funded pension schemes, they can increase household wealth and thereby raise retirement incomes. However, there has been relatively little empirical work to confirm this. This paper uses microeconomic data from...