The recent Retirement Income Review (RIR) implies policies that would reduce after-tax returns to super saving, encourage faster spending of life savings and of equity in the family home, and minimise bequests. This paper argues that the RIR relies on contested Treasury ‘tax expenditure’ estimates that use a hypothetical benchmark that is biased against all...

This paper provides an overview of the Australian evidence on the extent to which socioeconomic disadvantage is transmitted from one generation to the next. While there is a large literature on the intergenerational transmission of education, occupation and social status, the focus here is on disadvantage as seen through the lens of income (earnings) and...

The report identifies policy settings that have contributed to differences in outcomes across generations in Australia. It looks ahead to what an ageing population might mean for the economic future of today’s young.

The UK is a wealthy nation, but that wealth is very unevenly distributed. This has negative implications for both economic prosperity and justice. These issues are set to become more important as technological change, stagnating wages and rising house prices increase the income and gains that can be made from wealth.

I show that where a child grows up has a causal effect on their adult income, but that place matters most in the teenage years. I use variation in the age at which Australian children move to identify this pattern of place exposure effects. I explore two potential explanations. First, this pattern is partly explained...