The Distribution and Composition of Personal Sector Wealth in Australia
AbstractThis article begins by noting the scarcity of information on the distribution of wealth in Australia, and the many reasons for wanting to have such information. The potential role of the tax system in affecting the composition of wealth is noted, and the taxation of savings is briefly described. A number of different methods of estimating the distribution of wealth are discussed. Estimates for the distribution and composition of wealth in Australia in 1986 are derived from the 1986 Income Distribution Survey, which suggest that the wealthiest ten per cent of income units hold 55 per cent of total wealth. The composition of wealth is broadly consistent with the expected impact of the tax system. Copyright 1990 The University of Melbourne, Melbourne Institute of Applied Economic and Social Research.
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Bibliographic InfoArticle provided by The University of Melbourne, Melbourne Institute of Applied Economic and Social Research in its journal Australian Economic Review.
Volume (Year): 23 (1990)
Issue (Month): 1 ()
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- Bruce Headey & Mark Wooden & Gary Marks, 2004.
"The Structure and Distribution of Household Wealth in Australia,"
Melbourne Institute Working Paper Series
wp2004n12, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
- Bruce Headey & Gary Marks & Mark Wooden, 2005. "The Structure and Distribution of Household Wealth in Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 38(2), pages 159-175, 06.
- Malcolm Edey & Brian Gray, 1996. "The Evolving Structure of the Australian Financial System," RBA Research Discussion Papers rdp9605, Reserve Bank of Australia.
- Malcom Edey & Brian Gray, 1996. "The Evolving Structure of the Australian Financial System," RBA Annual Conference Volume, in: Malcom Edey (ed.), The Future of the Financial System Reserve Bank of Australia.
- Atkinson, A.B., 2006. "Concentration among the Rich," Working Paper Series RP2006/151, World Institute for Development Economic Research (UNU-WIDER).
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