Find the subject in the handbook here Term 4 - online
Subject Description
This subject explores the impact of private and government decisions on the economic well-being of older people. It examines personal choices around saving, managing assets like housing and superannuation, and government provisions such as income support, healthcare, and regulations. The subject also considers the role of behavioural biases in these decisions, as revealed by behavioural economics. Additionally, it addresses how an ageing population increases the tax burden needed to fund services for the elderly and its effect on the "social contract," where younger generations support the elderly with the expectation of future support.
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