workers but on employers. If Australians had ever been asked explicitly
whether they would like a portion of their wages compulsorily withheld in
complex accounts until they retired, they almost certainly would have said no,
as New Zealanders emphatically did in 1997, when given the chance in a
referendum.^29
References
Abbott, T. 1995.Parliamentary Debates: House of Representatives, vol. 204, Canberra:
Commonwealth of Australia.
ABS (Australian Bureau of Statistics). 2009.Australian Social Trends: Trends in Superannu-
ation Coverage,cat. no. 4102.0, Australian Bureau of Statistics, Canberra.
Antolin, P., Payett, S., and Yermo, J. 2012.‘Coverage of private pension systems:
evidence and policy option’, Working Paper on Finance, Insurance and Private
Pensions, no. 20, Paris: OECD.
Bateman H., Kingston, G., and Piggott, J. 2001.Forced Saving: Mandating Private Retire-
ment Incomes. Cambridge: Cambridge University Press.
Bozio, A., Crawford, A., and Tetlow, R. 2010.The History of State Pensions in the UK: 1948
to 2010, Institute of Fiscal Studies, http://www.ifs.org.uk/publications/5000
(accessed 20 November 2015).
Casey, R. 1938.Parliamentary Debates, vol. 155, Canberra: Commonwealth of Australia.
Coleman, W., Cornish, S., and Hagger, A. 2006.Giblin's Platoon: the Trials and Triumph
of the Economist in Australian Public Life. Canberra: ANU Epress.
Connolly, E. and Kohler, M. 2004.‘The impact of superannuation on household
saving’, Research Discussion Paper 2004-01, Sydney: Reserve Bank of Australia.
Drew, M. and Stanford, J. 2003.‘A review of Australia’s compulsory superannuation
scheme after a decade’, Discussion Paper No. 322, School of Economics, University of
Queensland, Brisbane.
Gruen, D. and Soding, L. 2011.‘Compulsory superannuation and national saving’,
Treasury Economic Roundup, no. 3, pp. 45–56.
Hayek, A. [1960] 2006.The Constitution of Liberty. London: Routledge Classics.
Huf, B. 2015.‘The experience of politics in the age of reform: comparisons in
approaches to social policy history in Australia and the United States’,Australian–
US Comparative and Transitional Labour History Conference Proceedings, University of
Sydney, 8–9 January.
Kelly, P. 2008.The End of Certainty. Sydney: Allen & Unwin.
Kirchner, S. 2012.‘Compulsory super at 20:“libertarian paternalism”without the
libertarianism’, CIS Policy Monograph 132, Sydney: Centre for Independent Studies.
(^29) In 1997, 92% of New Zealanders rejected a proposal to introduce a Compulsory Retirement
Saving Scheme where contributions up to 8% of earnings would have been paid into individual
retirement funds.
We Must All Be Capitalists Now