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    Economic Inequality in Australia: a reassessment

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    Fulltext not available
    Authors
    Fenna, Alan
    Tapper, Alan
    Date
    2015
    Type
    Journal Article
    
    Metadata
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    Citation
    Fenna, A. and Tapper, A. 2015. Economic Inequality in Australia: a reassessment. Australian Journal of Political Science. 50 (3): pp. 393-411.
    Source Title
    Australian Journal of Political Science
    DOI
    10.1080/10361146.2015.1066309
    ISSN
    1036-1146
    School
    John Curtin Institute of Public Policy (JCIPP)
    URI
    http://hdl.handle.net/20.500.11937/3914
    Collection
    • Curtin Research Publications
    Abstract

    This article reviews and analyses the evidence on the distribution of income and wealth in Australia since the 1960s. A number of scholars – most prominently among them Thomas Piketty – suggest that inequality has been increasing across the advanced capitalist world. Kuznets’ benign picture of an ‘inverted u-curve’ depicting declining inequality in modern industrial society is replaced with an altogether different and potentially quite alarming one. Does this hold for Australia? Surveying 25 income trend and 17 wealth distribution studies, we draw on the best available evidence and find that overall there has been far less of a rising inequality trend than is often assumed or argued.

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