Description - Policies to Boost Australian Saving by Owen Covick
Most Australian wage and salary earners are now required by the Commonwealth government to save nine per cent of their earnings and to have that money 'locked-away' until they reach a prescribed age. Why is that? Why are Australia's self-employed not subject to the same requirements? Is the system fair? Does it create distortions to economic efficiency? Should we have less 'stick' and more 'carrot' in our public policy arrangements regarding national saving? Or vice versa? These are the issues of public policy addressed in Policies to Boost Australian Saving.
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