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Economically efficient super.
Australasian Business Intelligence, December, 2008
Byline: Nicholas Gruen
Dec 01, 2008 (The Australian Financial Review - ABIX via COMTEX) -- Australia's compulsory superannuation regime is a valuable weapon in the arsenal of macroeconomic policy. However, the nine per cent employers' contribution should be adjusted on an as-needed basis. It could be reduced by one-third during economic slowdowns, in order to bolster disposable income and thus increase consumption and economic activity. The contribution rate would then be restored to the original level - and preferably even ...
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