Investing in Australia’s future: the promise and pitfalls of the ‘investment’ approach to welfare

Seminar/Forum

Investing in Australia’s future: the promise and pitfalls of the ‘investment’ approach to welfare

Yasuko Hiraoka Myer Room, Level 1
Sidney Myer Asia Centre

Parkville

Booking not required

The priority investment approach to welfare has been heralded as a new and more effective strategy to ensure that vulnerable Australians have a better future. Based on actuarial analysis, it involves identifying members of the community at risk of long-term welfare dependency and providing necessary social, education and employment services to enable them to participate more fully in the labour market and wider community. This approach has been implemented in a number of countries including New Zealand and was a key recommendation of the McClure Review of Australia’s welfare system {LINK}.

Priority Investment has the potential to address entrenched disadvantage combined with its promise of delivering longer term welfare savings. Despite this, the model is not without its pitfalls and detractors. Many of those who challenge the priority investment approach, highlight the narrow targeting and limited scope of these early inventions.

Join us for a critical conversation with leading researchers and policy makers from Australia and New Zealand who will explore the promise and pitfalls of investment approaches to welfare.

Featuring keynote presentations by Professor Peter Whiteford from ANU’s Crawford School of Public Policy and Dr Simon Chapple, former chief economist of New Zealand’s Ministry of Social Development, now based at the School of Government at Victoria University of Wellington.

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