Income, wealth and economic inequality in Australia
Economic well-being and economic inequality are usually quantified using income measurements of various sorts. Such analyses overlook the contribution of wealth – a potentially very significant factor. In this article, we integrate wealth and income data to provide a more comprehensive accounting of...
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| Format: | Journal Article |
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Australian Social Policy Association
2018
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| Online Access: | http://purl.org/au-research/grants/arc/DP140102571 http://hdl.handle.net/20.500.11937/71452 |
| _version_ | 1848762483440877568 |
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| author | Tapper, Alan Fenna, Alan |
| author_facet | Tapper, Alan Fenna, Alan |
| author_sort | Tapper, Alan |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Economic well-being and economic inequality are usually quantified using income measurements of various sorts. Such analyses overlook the contribution of wealth – a potentially very significant factor. In this article, we integrate wealth and income data to provide a more comprehensive accounting of economic well-being and economic inequality in Australia. Using the Australian Bureau of Statistics Household Expenditure Survey microdata for 2009–2010, we present a cross-sectional analysis of wealth-adjusted income. We examine the relative contributions of income-and-wealth to wealth-adjusted income and compare the distribution of wealth-adjusted income to the distribution of income and the distribution of wealth. Wealth, we find, makes up between one-fifth and two-fifths of wealth-adjusted income; the incorporation of wealth increases the inequality already present in the income distribution (as measured using final incomes) by about 25 per cent. |
| first_indexed | 2025-11-14T10:48:17Z |
| format | Journal Article |
| id | curtin-20.500.11937-71452 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T10:48:17Z |
| publishDate | 2018 |
| publisher | Australian Social Policy Association |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-714522023-06-07T07:37:48Z Income, wealth and economic inequality in Australia Tapper, Alan Fenna, Alan Economic well-being and economic inequality are usually quantified using income measurements of various sorts. Such analyses overlook the contribution of wealth – a potentially very significant factor. In this article, we integrate wealth and income data to provide a more comprehensive accounting of economic well-being and economic inequality in Australia. Using the Australian Bureau of Statistics Household Expenditure Survey microdata for 2009–2010, we present a cross-sectional analysis of wealth-adjusted income. We examine the relative contributions of income-and-wealth to wealth-adjusted income and compare the distribution of wealth-adjusted income to the distribution of income and the distribution of wealth. Wealth, we find, makes up between one-fifth and two-fifths of wealth-adjusted income; the incorporation of wealth increases the inequality already present in the income distribution (as measured using final incomes) by about 25 per cent. 2018 Journal Article http://hdl.handle.net/20.500.11937/71452 10.1002/ajs4.47 http://purl.org/au-research/grants/arc/DP140102571 Australian Social Policy Association restricted |
| spellingShingle | Tapper, Alan Fenna, Alan Income, wealth and economic inequality in Australia |
| title | Income, wealth and economic inequality in Australia |
| title_full | Income, wealth and economic inequality in Australia |
| title_fullStr | Income, wealth and economic inequality in Australia |
| title_full_unstemmed | Income, wealth and economic inequality in Australia |
| title_short | Income, wealth and economic inequality in Australia |
| title_sort | income, wealth and economic inequality in australia |
| url | http://purl.org/au-research/grants/arc/DP140102571 http://hdl.handle.net/20.500.11937/71452 |