Victoria University

Old age wealth decumulation in New Zealand

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Show simple item record Stephen, Erin 2016-08-12T03:23:44Z 2016-08-12T03:23:44Z 2016 2016
dc.description.abstract This paper is a discussion about, and analysis of, old age wealth decumulation in New Zealand. The way that people acquire and dispose of wealth in New Zealand is very closely related to their age and stage of life, and as people enter into their elder years their income tends to slowly decrease as hours of work are reduced, and their expenditure slowly begins to increase as health and other support needs increase. In New Zealand the government plays a significant role in funding elder care, and has a series of levers which indirectly manage the rate at which wealth is decumulated. The purpose of this paper is to examine and critique some of the key levers that have been set by legislation and government policy that manage wealth decumulation in old age. This paper argues that there is a tension that needs to be managed by the legislative and policy settings for wealth decumulation, which is that there is a social benefit in helping elderly people retain financial independence for as long as possible, but that there is also a benefit to the state if people pay for as much of their own care as possible. en_NZ
dc.language.iso en_NZ
dc.subject Elder en_NZ
dc.subject Retirement en_NZ
dc.subject Superannuation en_NZ
dc.subject Social Security Act 1964 en_NZ
dc.subject New Zealand Superannuation en_NZ
dc.subject Asset management in old age en_NZ
dc.subject New Zealand Superannuation and Retirement Income Act 2001 en_NZ
dc.title Old age wealth decumulation in New Zealand en_NZ
dc.type Text en_NZ
vuwschema.contributor.unit School of Law en_NZ
vuwschema.type.vuw Masters Research Paper or Project en_NZ
vuwschema.subject.anzsrcfor 180103 Administrative Law en_NZ
vuwschema.subject.anzsrcfor 180114 Human Rights Law en_NZ
vuwschema.subject.anzsrcfor 180118 Labour Law en_NZ
vuwschema.subject.anzsrcfor 180119 Law and Society en_NZ
vuwschema.subject.anzsrcfor 180125 Taxation Law en_NZ
vuwschema.subject.anzsrcseo 970118 Expanding Knowledge in Law and Legal Studies en_NZ

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