Retiree Welfare and the 2009 Pension Increase: Impacts from an Australian Experiment

  title={Retiree Welfare and the 2009 Pension Increase: Impacts from an Australian Experiment},
  author={Serena Yu},
  journal={ERN: Other Macroeconomics: Employment},
  • Serena Yu
  • Published 1 March 2016
  • Economics
  • ERN: Other Macroeconomics: Employment
The welfare effects from the 2009 increase in the age pension are evaluated using a quasi-experimental, difference-in-difference regression framework. Using microdata to exploit the exogenous and large increase in the single-person pension rate, the research finds significant improvements in the material welfare of single age pensioners. In particular, non-housing and total consumption rose by 7 per cent and 4 per cent, respectively. The effects were amplified among the poorest retirees. The… 



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