New Zealand superannuation’s $625 billion mistake (and other consequences)

When National Party leader Robert Muldoon was elected Prime Minister in 1975, he made a decision (not Think Big - more on that another time) that should bother every economist in New Zealand to this day. He abolished the compulsory contributory New Zealand Superannuation scheme. 50 years later, the decision to abolish that scheme is … Continue reading New Zealand superannuation’s $625 billion mistake (and other consequences)