The Distribution of Top Incomes in Australia
AbstractUsing taxation statistics, we estimate the income share held by top income groups in Australia over the period 1921-2003. We find that the income share of the richest fell from the 1920s until the mid-1940s, rose briefly in the postwar decade, and then declined until the early 1980s. During the 1980s and 1990s, top income shares rose rapidly. At the start of the twenty-first century, the income share of the richest was higher than it had been at any point in the previous 50 years. Among top income groups, recent decades have also seen a rise in the share of top income accruing to the super-rich. Trends in top income shares are similar to those observed among other elite groups, such as judges, politicians, top bureaucrats and chief executive officers. Copyright © 2007 The Economic Society of Australia.
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Bibliographic InfoArticle provided by The Economic Society of Australia in its journal Economic Record.
Volume (Year): 83 (2007)
Issue (Month): 262 (09)
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Other versions of this item:
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- N37 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Africa; Oceania
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- Saunders, Peter & Stott, Helen & Hobbes, Garry, 1991. "Income Inequality in Australia and New Zealand: International Comparisons and Recent Trends," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 37(1), pages 63-79, March.
- Peter Saunders & Garry Hobbes, 1988. "Income Inequality in Australia in an International Comparative Perspective," Discussion Papers 004, University of New South Wales, Social Policy Research Centre.
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