A catastrophic slump in the nation’s fertility rate revealed by the Australian Bureau of Statistics last month should provoke the resumption of debate about how to secure the economic future of an ageing population.
Former treasurer Peter Costello made many important contributions to economic understanding and policy. Among them was the Charter of Budget Honesty that included a legislated commitment to release an intergenerational report every five years or so.
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Craig Emerson is managing director of Emerson Economics. He is a distinguished fellow at the ANU, director of the Australian APEC Study Centre at RMIT and adjunct professor at Victoria University’s College of Business.
