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The Effects of Inflation of Inequality and Social Welfare in Australia : International Comparisons

Author

Listed:
  • van de Ven, J-W

Abstract

When the prices of goods that form a relatively large proportion of the total expenditure of low income households rise in relation to all other goods, the inequality of the real income distribution increases. This paper models the effect on inequality and welfare if, ceteris paribus, Australian consumers faced foreign country prices and not Australian prices during the period 1980 to 1995.

Suggested Citation

  • van de Ven, J-W, 1997. "The Effects of Inflation of Inequality and Social Welfare in Australia : International Comparisons," Department of Economics - Working Papers Series 575, The University of Melbourne.
    • Handle: RePEc:mlb:wpaper:575
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    More about this item

    Keywords

    INCOME DISTRIBUTION ; WELFARE ECONOMICS;

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D6 - Microeconomics - - Welfare Economics

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