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Financial Stress and Indigenous Australians

Author

Listed:
  • 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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    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.

    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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