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The Distribution of Household Wealth in Australia: Evidence from the 2010 HILDA Survey

Author

Listed:
  • Richard Finlay

    (Reserve Bank of Australia)

Abstract

This article uses the Household, Income and Labour Dynamics in Australia (HILDA) Survey to analyse the distribution of household assets, liabilities and wealth across a number of household groups. The analysis shows that wealth is more unequally distributed across households than is the case for income. While the growth of wealth over the past few years has slowed, it has been faster for households with lower wealth than for households with higher wealth. This implies that wealth inequality has lessened slightly in recent years.

Suggested Citation

  • Richard Finlay, 2012. "The Distribution of Household Wealth in Australia: Evidence from the 2010 HILDA Survey," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 19-27, March.
    • Handle: RePEc:rba:rbabul:mar2012-03
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    File URL: https://www.rba.gov.au/publications/bulletin/2012/mar/pdf/bu-0312-3.pdf
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    Citations

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    Cited by:

    1. Whelan, Stephen & Atalay, Kadir & Hayward, Richard Donald, 2018. "Asset portfolio retirement decisions: the role of the tax and transfer system," SocArXiv akj8w, Center for Open Science.
    2. Nicholas Biddle & Maxine Montaigne, 2017. "Income Inequality in Australia – Decomposing by City and Suburb," Economic Papers, The Economic Society of Australia, vol. 36(4), pages 367-379, December.
    3. Paul Ryan & Tahlee Stone, 2016. "Household Wealth in Australia: Evidence from the 2014 HILDA Survey," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 1-8, June.
    4. Alexandra Spicer & Olena Stavrunova & Susan Thorp, 2016. "How Portfolios Evolve after Retirement: Evidence from Australia," The Economic Record, The Economic Society of Australia, vol. 92(297), pages 241-267, June.
    5. Barbara Broadway & John P. Haisken-DeNew, 2019. "Keep calm and consume? Subjective uncertainty and precautionary savings," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 43(3), pages 481-505, July.
    6. Susan Black & Lamorna Rogers & Albina Soultanaeva, 2012. "Households' Appetite for Financial Risk," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 37-42, June.
    7. Geoffrey Kingston & Susan Thorp, 2019. "Superannuation in Australia: A Survey of the Literature," The Economic Record, The Economic Society of Australia, vol. 95(308), pages 141-160, March.
    8. Ellis Connolly & Fiona Fleming & Jarkko Jääskelä, 2012. "Households' Interest-bearing Assets," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 23-32, December.
    9. eccleston, richard & Verdouw, Julia & Flanagan, Kathleen & Warren, Neil & Duncan, Alan & Ong, Rachel & Whelan, Stephen & Atalay, Kadir & Hayward, Richard Donald, 2018. "Pathways to housing tax reform," SocArXiv 8xrbe, Center for Open Science.
    10. Frijters, Paul & Johnston, David W. & Shields, Michael A. & Sinha, Kompal, 2015. "A lifecycle perspective of stock market performance and wellbeing," Journal of Economic Behavior & Organization, Elsevier, vol. 112(C), pages 237-250.

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