Trends in the Distribution of Income in Australia.
In its 2007 Economic Survey of Australia, the Organization for Economic Co-operation and Development (OECD) described Australia’s macroeconomic performance as impressive, with GDP growth since 2000 averaging above 3 per cent a year and growth in real gross domestic income averaging more than 4 per cent (including the terms of trade gains).
CENSUS Paper Income, poverty and inequality. This paper uses data from the 2006, 2011 and 2016 censuses to analyse the distribution of income within the Indigenous population, and between the Indigenous and non-Indigenous populations. Particular attention is given to geographic variation in Indigenous income, poverty and inequality.
The distribution of income in the economy is in the form of wages, salaries, rent, interests and profit, all which are distributed by the factors of production (L. Kirkwood et al: 2006). Unlike income, wealth is the stock of goods and assets owned by individuals and the nation as a whole at a given period of time L. Kirkwood et al: 2006).
Income inequality in Australia is similar to the OECD average, with a Gini coefficient of 0.326 in 2012. Inequality has increased since the 1990s, as in many other OECD countries. The average income of the top 10% of income earners is almost 9 times higher than that of the bottom 10% in, up from a ratio of 8 to 1 in the mid-1990s. Across the OECD, this ratio is 9.6:1, on average.
Income distribution is healthy to the economy and hence the government should lay out strategies that will directly influence distribution of income among the population. The strategies should be focus on having tax policies that favor income distribution, whereby, taxation should be done through progressive income tax systems.
Three Essays on Income and Wealth Inequality by Damir Cosic. Advisor: Thom Thurston This dissertation consists of three essays on income and wealth inequality. The essays examine various aspects of this complex feature of the economic system. The rst essay shows that the distribution of rm sizes in an economy is an important.
Indeed, it is questionable that we can even define poverty independently of income distribution. In this essay, I want to develop the argument that economists and economic policy-makers should focus much greater attention on inequality as measured by the distribution of income (and wealth).