July 2014 www.cepar.edu.au


Centre Director's Message

CEPAR is at the half way mark in its initial term of 7 years of funding. So July was a landmark month for us in several ways. The ARC, our major funding body, undertook a mid-term review of our performance to date – we’ll hear the outcome in a couple of months.
 
We also hosted the 22nd Superannuation Colloquium; co-hosted a public lecture by Nobel Laureate Joe Stiglitz; sponsored a population Symposium featuring some of our senior researchers at the Yokohama international congress of the International Sociology Association; and released the first major report of the National Transfer Accounts, a new way of characterising aggregate economic activity, emphasising inter-generational transactions rather than the traditional National Accounts model of documenting transactions between sectors.

 
We are really  excited about the next three years, now that we have momentum. Expanding the research program, developing collaborative links with national and international institutions, and new initiatives designed to make our research more readily accessible to our end users, are all in the pipeline. We look forward to continuing our engagement with you into the future.  
 

Director's Spotlight: 
CEPAR report reveals risks posed for budgets by Australia's ageing population

In a public lecture at the Australian National University (ANU) last week, CEPAR Deputy Director Peter McDonald warned that Australia’s public and private economy-wide deficit could blow out to more than $400 billion by 2050 due to the nation’s ageing population.
 
The lecture was delivered at the ANU Crawford School of Public Policy's launch of a new report which provides the first National Transfer Accounts (NTA) measure for Australia, based on figures from 2009-10. NTA measures how each age group produces, consumes, shares, and saves resources in the economy, and gives an insight into how a country’s demographics will affect its economy and finances.

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Read the media release
Read the full report


Pension experts gather for 22nd Annual Colloquium of Superannuation Researchers
Pension reform is front and centre throughout the world, as both developed and emerging economies grapple with the challenges of financing retirement in the face of demographic change.
 
The opening plenary session of the CEPAR Superannuation Colloquium heard from three experts, from Australia (Chris Cuffe, ), the US (Olivia Mitchell, Director of the Pension Research Council at the Wharton School), and China (Cai Fang, Director of the Institute of Population and Labor Economics at CASS), on challenges and opportunities in their respective countries.
 
Other presentations and papers ranged from reverse mortgage pricing to social security claims behaviour and family status. Some 100 participants took part in the Colloquium, which featured 42 presentations from Australia and abroad. A feature of this year's Colloquium was an integrated public lecture by Joe Stiglitz, recipient of the 2001 Nobel Prize in Economics, who spoke on the GFC and its fall-out.


Nobel prize-winning economist visits CEPAR
CEPAR was delighted to co-host a public lecture by Joseph Stiglitz, 2001 Economics Nobel Laureate, earlier this month. Some 800 people attended his presentation, focused on the GFC, examining where we are now, its impact on the future of the world economy, and what can be done about it.
 
Stiglitz was critical of governments everywhere for not doing enough to draw the global economy out of its lacklustre growth performance since the GFC. He focused especially on the US and Europe, suggesting that the GFC was really a trans-Atlantic FC. Australia, he said, had largely escaped the impacts of the GFC, in part because of what he regarded as the world's best-designed fiscal stimulus package.
 
Watch the video of the lecture HERE


CEPAR Opinion

Turning super into income: Inquiry opens retirement funding debate
The Conversation, 17 July 2014
Rafal Chomik and Hazel Bateman

 

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Researcher profile

Meet Dr Ralph Stevens, a Senior Research Fellow at the UNSW Node. Ralph's research interests include: the effect of systematic longevity risk on annuities.

Read Ralph's profile

 

Featured research

Active Ageing and Occupational Therapy Align, by Lindy Clemson and Kate Laver, discusses the three pillars of active ageing: health, security and participation.


Read the article HERE

 


Events 2014

ASSA Symposium: Population Ageing and Australia's Future
11 November 2014
Acton, ACT
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CEPAR & CESifo Workshops: Pension, Taxation, Population Ageing and Globalisation
17-18 November 2014
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Emerging Researchers in Ageing Conference
24-25 November 2014
Flinders University 
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Our mailing address is:
ARC Centre of Excellence in Population Ageing Research, Level Three East Wing, 223 Anzac Pde, UNSW, Kensington, Sydney, NSW 2033.