The Relationship Between Income, Wealth and Age in Australia
This article analyses the relationship between income, wealth, wealth‐adjusted income and age in Australia using a 2009–10 crosssectional data set. The main findings are: (i) wealth and wealth‐adjusted income generally rise with age, while income is constant across the life cycle; (ii) both income i...
| Main Authors: | , |
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| Format: | Journal Article |
| Language: | English |
| Published: |
Wiley-Blackwell
2019
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| Subjects: | |
| Online Access: | http://purl.org/au-research/grants/arc/DP140102571 http://hdl.handle.net/20.500.11937/84907 |
| Summary: | This article analyses the relationship between income, wealth, wealth‐adjusted income and age in Australia using a 2009–10 crosssectional data set. The main findings are: (i) wealth and wealth‐adjusted income generally rise with age, while income is constant across the life cycle; (ii) both income inequality and wealth inequality rise until mid‐life and fall thereafter, while wealth‐adjusted income inequality
depends on the method of calculation used, one showing a fall in later life and another showing no fall; and (iii) after income, wealth and wealth‐adjusted income inequalities are adjusted for age, underlying
inequality is lower in all three cases. |
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