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Distribution of the Economic Gains of the 1990s

Author

Listed:
  • Dean Parham

    (Productivity Commission)

  • Paula Barnes

    (Productivity Commission)

  • Paul Roberts

    (Productivity Commission)

  • Sharon Kennett

    (Productivity Commission)

Abstract

„h Australia¡¦s surge in productivity growth in the 1990s fuelled an acceleration in growth in total income and average income (income per person in Australia). ¡V Annual average income growth accelerated from 1.4 per cent in the 1970s and 1980s to 2.5 per cent in the 1990s. ¡V Faster productivity growth accounted for over 90 per cent of the acceleration. „h The income growth of the 1990s was distributed evenly between labour (wages and salaries) and capital (profits). The labour and capital shares in economywide income were stable throughout the 1990s. Concerns that productivity-enhancing factors have adversely affected the income-earning potential of labour appear to be unfounded at the aggregate level.

Suggested Citation

  • Dean Parham & Paula Barnes & Paul Roberts & Sharon Kennett, 2001. "Distribution of the Economic Gains of the 1990s," Development and Comp Systems 0105002, EconWPA.
  • Handle: RePEc:wpa:wuwpdc:0105002 Note: Type of Document - PDF; prepared on IBM PC; to print on HP;
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    File URL: http://econwpa.repec.org/eps/dev/papers/0105/0105002.pdf
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    References listed on IDEAS

    as
    1. Barbier, Edward B., 2000. "Links between economic liberalization and rural resource degradation in the developing regions," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 23(3), September.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    economic gains - distribution - living standards - income - productivity - employment - wealth - consumption - education - health - housing - environment - working hours;

    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth
    • P - Economic Systems

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