National transfer accounts for Australia: 2003-04 and 2009-10 detailed results

Abstract

Similar to other OECD countries, the Australian population is projected to age significantly to 2050 and beyond. In this context, the role of mature age Australians as producers of goods and services and consumers of public resources in particular, has become a key issue in academic and policy discussions. Indeed, many policy changes have occurred over previous decades on the production and consumption side to offset potential costs of population ageing. For example, policies to encourage or support mature age labour force participation (e.g., through the Experience+ training package) and to reduce public expenditure on this growing demographic (for example, through lifting the eligibility age for the Age Pension). Show more