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Stochastic Dominance Analysis Of Australian Income Distributions

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Author Info
Rebecca Valenzuela
Hooi Hooi Lean

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Abstract

We apply stochastic dominance tests to investigate trends in inequality in Australia over the period 1983 to 1998. Results show significant levels of inequalities in the income and expenditure distributions for the population as a whole as well as within population groups. We further find that the impact of the government's tax and transfer redistribution scheme varied greatly among the different demographic groups. After tax and transfers are made, significant gains in welfare levels were observed for migrant and single-parents households compared to their non-migrant and couple-parent counterparts respectively. In contrast, welfare levels of male-headed households continue to dominate those of female households post tax and that there is limited government capacity for closing the existing gap in incomes and expenditures among households without children.

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File URL: http://www.buseco.monash.edu.au/eco/research/papers/2007/2107stochasticvalenzuelalean.pdf
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Publisher Info
Paper provided by Monash University, Department of Economics in its series Monash Economics Working Papers with number 21/07.

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Length: 28 pages
Date of creation: 04 Jul 2007
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Handle: RePEc:mos:moswps:2007-21

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Postal: Department of Economics, Monash University, Victoria 3800, Australia
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Find related papers by JEL classification:
C61 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Optimization Techniques; Programming Models; Dynamic Analysis
C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Microeconomic Data
J10 - Labor and Demographic Economics - - Demographic Economics - - - General
I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare

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  1. Shorrocks, Anthony F, 1983. "Ranking Income Distributions," Economica, London School of Economics and Political Science, vol. 50(197), pages 3-17, February. [Downloadable!] (restricted)
  2. Esfandiar Maasoumi & Almas Heshmati, 2000. "Stochastic dominance amongst swedish income distributions," Econometric Reviews, Taylor and Francis Journals, vol. 19(3), pages 287-320. [Downloadable!] (restricted)
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  3. Barrett, Garry F & Crossley, Thomas F & Worswick, Christopher, 2000. "Consumption and Income Inequality in Australia," The Economic Record, The Economic Society of Australia, vol. 76(233), pages 116-38, June.
    Other versions:
  4. Kaur, Amarjot & Prakasa Rao, B.L.S. & Singh, Harshinder, 1994. "Testing for Second-Order Stochastic Dominance of Two Distributions," Econometric Theory, Cambridge University Press, vol. 10(05), pages 849-866, December. [Downloadable!]
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