Pension underfunding in the Australian public sector: a generational accounting perspective

Accounting and Finance

Research output: Working paper

Published

Standard

Pension underfunding in the Australian public sector: a generational accounting perspective. / Klumpes, P J M; McCrae, M.
Lancaster University: The Department of Accounting and Finance, 1998. (Accounting and Finance Working Paper Series).

Research output: Working paper

Harvard

Klumpes, PJM & McCrae, M 1998 'Pension underfunding in the Australian public sector: a generational accounting perspective' Accounting and Finance Working Paper Series, The Department of Accounting and Finance, Lancaster University.

APA

Klumpes, P. J. M., & McCrae, M. (1998). Pension underfunding in the Australian public sector: a generational accounting perspective. (Accounting and Finance Working Paper Series). The Department of Accounting and Finance.

Vancouver

Klumpes PJM, McCrae M. Pension underfunding in the Australian public sector: a generational accounting perspective. Lancaster University: The Department of Accounting and Finance. 1998. (Accounting and Finance Working Paper Series).

Author

Klumpes, P J M ; McCrae, M. / Pension underfunding in the Australian public sector: a generational accounting perspective. Lancaster University : The Department of Accounting and Finance, 1998. (Accounting and Finance Working Paper Series).

Bibtex

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title = "Pension underfunding in the Australian public sector: a generational accounting perspective",

abstract = "We examine the financial dimensions and accounting implications of pension under-funding in the Australian public sector. A generational-based accounting perspective provides important insights to explain why public sector funds are under-funded. We project the burden of under-funded government employer pension obligations to three generational cohorts of public sector employees, based on a data set describing flow of funding characteristics of 10 federal, state and local Australian government funds in the early 1990s. We find wide variations in interperiod inequity across various levels of Australian government in our sample. Employer contributions required to bring pension funds into generational balance is an important determinant of cross-sectional variations in pension under-funding practices across the sample, after controlling for other variables used in prior studies.",

author = "Klumpes, {P J M} and M McCrae",

year = "1998",

language = "English",

series = "Accounting and Finance Working Paper Series",

publisher = "The Department of Accounting and Finance",

type = "WorkingPaper",

institution = "The Department of Accounting and Finance",

}

RIS

TY - UNPB

T1 - Pension underfunding in the Australian public sector: a generational accounting perspective

AU - Klumpes, P J M

AU - McCrae, M

PY - 1998

Y1 - 1998

N2 - We examine the financial dimensions and accounting implications of pension under-funding in the Australian public sector. A generational-based accounting perspective provides important insights to explain why public sector funds are under-funded. We project the burden of under-funded government employer pension obligations to three generational cohorts of public sector employees, based on a data set describing flow of funding characteristics of 10 federal, state and local Australian government funds in the early 1990s. We find wide variations in interperiod inequity across various levels of Australian government in our sample. Employer contributions required to bring pension funds into generational balance is an important determinant of cross-sectional variations in pension under-funding practices across the sample, after controlling for other variables used in prior studies.

AB - We examine the financial dimensions and accounting implications of pension under-funding in the Australian public sector. A generational-based accounting perspective provides important insights to explain why public sector funds are under-funded. We project the burden of under-funded government employer pension obligations to three generational cohorts of public sector employees, based on a data set describing flow of funding characteristics of 10 federal, state and local Australian government funds in the early 1990s. We find wide variations in interperiod inequity across various levels of Australian government in our sample. Employer contributions required to bring pension funds into generational balance is an important determinant of cross-sectional variations in pension under-funding practices across the sample, after controlling for other variables used in prior studies.

M3 - Working paper

T3 - Accounting and Finance Working Paper Series

BT - Pension underfunding in the Australian public sector: a generational accounting perspective

PB - The Department of Accounting and Finance

CY - Lancaster University

ER -

Research