093066 (E26) On the effect of probability distributions of input variables in public health risk assessment : Hamed M.M., Bedient P. B., Risk Analysis, Vol. 17, No. 1, 1997, pp. 97–105
- Publisher
- Elsevier Science
- Year
- 1997
- Tongue
- English
- Weight
- 91 KB
- Volume
- 20
- Category
- Article
- ISSN
- 0167-6687
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✦ Synopsis
This paper examines the implications for lifetime income equality of alternative retirement income arrangements, using the Australian scheme as a benchmark. In Australia, the pay-as-you-go financed age pension is means-tested and thereby provides a contrast with those countries where part or all of a basic pension is paid to all aged persons. Many governments are considering an increase in the level of means-testing. The results showed that the introduction of a universal pension coupled with significant changes and simplifications to the structure of taxation and superannuation have little effect on lifetime redistribution. The results suggest that it is possible to eliminate complexities without having any deleterious effect on equity.