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dc.contributor.authorTapper, Alan
dc.contributor.authorFenna, Alan
dc.date.accessioned2018-12-13T09:10:13Z
dc.date.available2018-12-13T09:10:13Z
dc.date.created2018-12-12T02:46:21Z
dc.date.issued2018
dc.identifier.citationTapper, A. and Fenna, A. 2018. Income, wealth and economic inequality in Australia. Australian Journal of Social Issues. 53 (4): pp. 324-337.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/71452
dc.identifier.doi10.1002/ajs4.47
dc.description.abstract

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.

dc.publisherAustralian Social Policy Association
dc.relation.sponsoredbyhttp://purl.org/au-research/grants/arc/DP140102571
dc.titleIncome, wealth and economic inequality in Australia
dc.typeJournal Article
dcterms.source.volume53
dcterms.source.number4
dcterms.source.issn0157-6321
dcterms.source.titleAustralian Journal of Social Issues
curtin.departmentJohn Curtin Institute of Public Policy (JCIPP)
curtin.accessStatusFulltext not available
curtin.contributor.orcidFenna, Alan [0000-0002-3692-7954]


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