Cluster Project 9: Post-retirement Wealth and its Effect on Health and Wellbeing
Principal Researcher: Professor Anthony Harris (Monash University)
Research Team: The monash team, which includes Michael Shields and David Johnson, has considerable experience in the measurement of the causal links between health and the labour market particularly in the relationship between wellbeing, health, chronic illness and retirement.,
Project Overview: The project considers the role of socioeconomic status in the determination of health and quality of life in Australia, with a particular emphasis on retirees. It focuses on the impact of fluctuations in wealth over time – particularly that induced by market volatility – as a consequence of retirement and variations in the value of superannuation on individual life circumstance and particularly on measures of wellbeing, health status and health care expenditure. This is important for policy-makers who aim to develop post-retirement incomes policies that seek to improve elderly Australians’ health outcomes and reduce future health care expenditures. The research involves the econometric analysis of high-quality Australian data to provide evidence on this issue, and will also look to use complementary British data to provide useful comparisons.