AverageWorkingLifeIncome: Working Life Income

In HughParsonage/CRIMpp: Model Retirement Incomes.

Description

Working life income is an income.

Usage

AverageWorkingLifeIncome(prop_of_AWOTE_start_year = 1,
  wage_method = "Constant prop AWOTE", deflator = "wage",
  scope = "entire", starting_age = 30L, retirement_age = 70L,
  AWOTE_in_starting_year = 78200,
  short_run_wage_growth = as.numeric(c(0.0225, 0.025, 0.0275, 0.0325, 0.035)),
  long_run_wage_growth = 0.0404, long_run_cpi_growth = 0.025,
  starting_year = 2016L, verbose = FALSE)

average_working_life_income(prop_of_AWOTE_start_year = 1L,
  wage_method = "Constant prop AWOTE", deflator = "wage",
  scope = "entire", starting_age = 30L, retirement_age = 70L,
  AWOTE_in_starting_year = 78200,
  short_run_wage_growth = as.numeric(c(0.0225, 0.025, 0.0275, 0.0325, 0.035)),
  long_run_wage_growth = 0.0404, long_run_cpi_growth = 0.025,
  starting_year = 2016L, verbose = FALSE)

Arguments

prop_of_AWOTE_start_year	The proportion of AWOTE of the subject in the starting_year.
wage_method	'Constant prop AWOTE'.
deflator	What deflator should be used?
scope	Entire?
starting_age	The age at which the model begins. Set to 30 by default, rather than a younger age to account for time out of the workforce.
retirement_age	Retirement age.
AWOTE_in_starting_year	The salary in starting year.
short_run_wage_growth	A vector of wage indices.
long_run_wage_growth, long_run_cpi_growth	Rate of wage/CPI growth beyond short_run_wage_growth.
starting_year	The year to begin. Used for determining superannuation guarantee.
verbose	Report intermediate calculations.

Details

average_working_life_income is a vectorized version of AverageWorkingLifeIncome.

HughParsonage/CRIMpp documentation built on May 7, 2019, 4:03 a.m.