Overview

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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Owen Covick is Associate Professor in the School of Business Economics at Flinders University, Adelaide, and Deputy Head of the Faculty of Social Sciences. He was economic advisor to a series of senior Cabinet Economics Ministers in the Federal Government from 1986 to 1996. A member of academic staff at Flinders University since 1973, he has been involved in the activities of SACES since April 1983. His academic publications are principally in the areas of productivity analysis, labour costs and finance. As a member of the INDECS team of economists he was co-author of the best-selling State of Play series of books on Australian economic policy.

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