The Efficiency of the Retirement Income System in Australia During Financial Reforms

摘要: This paper uses the Malmquist Productivity Index-type DEA technique to measure efficiency levels in Australia's retirement income system over period 2000-2005. It covers important segments of industry focusing on different fund types and analyses market dynamics under financial reforms its pension system. The describes competitive nature provides an empirical analysis technical scale factors driving these efficiencies finds that overall, have had efficiency-enhancing effects. Contrary popular theory, also a key driver changes Australia include government, which suggests despite number introduced since 1992, government interventions can still positive influences country's