“A super idea: mandatory saving for retirement” – Hong & MacCulloch
Former Australian PM Paul Keating, right, pictured here in 2016 with his predecessor Bob Hawke, brought in mandatory retirement saving in Australia. New Zealand’s rapidly ageing population is putting increasing pressure on the Government’s budget, with threats of large cuts in welfare, or tax hikes, or both. Mandatory savings, as have been successfully modelled by…
“Why are Politicians Resisting Mandatory Savings as Pay-As-You-Go Welfare Falters? An NZ Case Study” – Leonard Hong & Prof. Robert MacCulloch
Abstract Why are nations failing to resolve the fiscal crisis caused by population ageing? Many economies are struggling with rising costs to the government budget of pension and healthcare due to population ageing. A potential solution is greater emphasis on mandatory private savings so future generations are not so dependent on a dwindling proportion of…
Why Singapore matters to New Zealand right now
For many New Zealanders, Singapore may still feel like a stopover city or a gleaming business hub. But as global tensions expose just how vulnerable small economies can be, the relationship is taking on much greater significance. Drawing on his own experience studying in Singapore, Leonard Hong explores why this city-state has become one of…
Singapore envy is not an economic strategy
Last week, after returning to New Zealand from Singapore, Prime Minister Christopher Luxon strongly argued that “we have serious work to do on our infrastructure” compared to Singapore. It’s public knowledge that ministers in the coalition Government admire Singapore’s economic policy approach. The Prime Minister admires its long-term planning for development; Winston Peters wants a national infrastructure…
Something went wrong. Please refresh the page and/or try again.
My writings covers a wide range of topics but mainly around political affairs, economic policy, international relations and globalisation.
Subscribe to My Blog
Get new content delivered directly to your inbox.
Leonard Hong 