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Financial Stress and Indigenous Australians

Author

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  • Robert Breunig
  • Syed Hasan
  • Boyd Hunter

Abstract

We examine the high levels of financial stress among Indigenous populations in Australia. We estimate separate models for the determinants of financial stress for Indigenous and non‐Indigenous households and show the importance of separately considering Indigenous disadvantage. We use these models to build equivalence scales for both groups. We find evidence consistent with financial stress being exacerbated by demand sharing (‘humbugging’). The evidence also suggests that financial stress is reduced by engagement in traditional hunting and gathering activities.

Suggested Citation

  • Robert Breunig & Syed Hasan & Boyd Hunter, 2019. "Financial Stress and Indigenous Australians," The Economic Record, The Economic Society of Australia, vol. 95(308), pages 34-57, March.
    • Handle: RePEc:bla:ecorec:v:95:y:2019:i:308:p:34-57
    DOI: 10.1111/1475-4932.12444
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    References listed on IDEAS

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    1. Monica Howlett & Matthew Gray & Boyd Hunter, 2016. "Wages, Government Patterns and Other Income of Indigenous and Non-Indigenous Australians," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 19(2), pages 53-76.
    2. Boyd H. Hunter & Steven Kennedy & Nicholas Biddle, 2004. "Indigenous and Other Australian Poverty: Revisiting the Importance of Equivalence Scales," The Economic Record, The Economic Society of Australia, vol. 80(251), pages 411-422, December.
    3. Deborah Cobb-Clark & David Ribar, 2012. "Financial stress, family relationships, and Australian youths’ transitions from home and school," Review of Economics of the Household, Springer, vol. 10(4), pages 469-490, December.
    4. Robert Breunig & Deborah Cobb-Clark & Xiaodong Gong & Danielle Venn, 2007. "Disagreement in Australian partners’ reports of financial difficulty," Review of Economics of the Household, Springer, vol. 5(1), pages 59-82, March.
    5. Boyd H. Hunter & Steven Kennedy & Daniel Smith, 2003. "Household Composition, Equivalence Scales and the Reliability of Income Distributions: Some Evidence for Indigenous and Other Australians," The Economic Record, The Economic Society of Australia, vol. 79(244), pages 70-83, March.
    6. Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762.
    7. Gianni La Cava & John Simon, 2003. "A Tale of Two Surveys: Household Debt and Financial Constraints in Australia," RBA Research Discussion Papers rdp2003-08, Reserve Bank of Australia.
    8. Gianni La Cava & John Simon, 2005. "Household Debt and Financial Constraints in Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 38(1), pages 40-60, March.
    9. Hall,Gillette H. & Patrinos,Harry Anthony (ed.), 2012. "Indigenous Peoples, Poverty, and Development," Cambridge Books, Cambridge University Press, number 9781107020573.
    10. Matthew Read & Chris Stewart & Gianni La Cava, 2014. "Mortgage-related Financial Difficulties: Evidence from Australian Micro-level Data," RBA Research Discussion Papers rdp2014-13, Reserve Bank of Australia.
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    Citations

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    Cited by:

    1. Clare J. M. Burns & Luke Houghton & Deborah Delaney & Cindy Shannon, 2023. "Ethical Decision-Making in Indigenous Financial Services: QSuper Case Study," Journal of Business Ethics, Springer, vol. 186(1), pages 13-29, August.
    2. Narantungalag, Odmaa, 2022. "The effects of natural resource extraction on household expenditure patterns: Evidence from Mongolia," GLO Discussion Paper Series 1077, Global Labor Organization (GLO).
    3. Odmaa Narantungalag,, 2022. "The effects of natural resource extraction on household expenditure patterns: Evidence from Mongolia," Discussion Papers 2204, School of Economics and Finance, Massey University, New Zealand.
    4. Isaac Koomson & Sefa Awaworyi Churchill & Musharavati Ephraim Munyanyi, 2022. "Gambling and Financial Stress," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 163(1), pages 473-503, August.
    5. Siddharth Shirodkar & Boyd Hunter, 2019. "Factors underlying the likelihood of being in business for Indigenous and non-Indigenous Australians," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 22(1), pages 5-27.
    6. Benjamin Heslop & Antony Drew & Elizabeth Stojanovski & Kylie Bailey & Jonathan Paul, 2018. "Collaboration Vouchers: A Policy to Increase Population Wellbeing," Societies, MDPI, vol. 8(2), pages 1-19, June.

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    More about this item

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination

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