Economic equity and major development

Stoeckl, Natalie (2014) Economic equity and major development. Report Section. The Regional Australia Institute, James Cook University, Central Queensland University, The University of Notre Dame and Ninti One, Queensland, Australia.

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It matters not whether one looks at labour income or non-labour income or at different measures of income/wealth concentration, inequality has been increasing within and across many countries throughout the last few decades (Jaumotte et al., 2013). Australia is no exception: indeed on some measures, this country is more ‘unequal’ than the majority of other OECD countries (specifically, the gap between the poorest and the richest 10% of households). Most notable, has been the recent rise in the share of total income that has gone to the richest 1% of Australians: in 1980 the richest 1% received just 5% of all income, but by 2008 the richest 1% were receiving almost 12% of income – the fourth highest of all OECD countries (Hoeller et al., 2012). Thus, despite Australia’s progressive tax system, and targeted cash transfers which seek to redistribute incomes, its above-average wage dispersion, and its large share of part-time/casual workers (Watson, 2013) means that household disposable incomes are unevenly distributed and are becoming even more unequal over time (Hoeller et al. 2012). Regional inequality has also risen sharply in recent times (Rodriguez-Pose, 2012).

Item ID: 37379
Item Type: Report (Report Section)
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A joint submission to the Northern Australia Taskforce

Date Deposited: 15 Nov 2016 23:55
FoR Codes: 14 ECONOMICS > 1402 Applied Economics > 140218 Urban and Regional Economics @ 50%
14 ECONOMICS > 1402 Applied Economics > 140205 Environment and Resource Economics @ 50%
SEO Codes: 91 ECONOMIC FRAMEWORK > 9101 Macroeconomics > 910106 Income Distribution @ 40%
91 ECONOMIC FRAMEWORK > 9199 Other Economic Framework > 919999 Economic Framework not elsewhere classified @ 60%
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