Abstract
The gap between the rich and the poor and changes in the distribution of wealth is
being publicly debated at present. This paper contributes to this debate by providing
some historical wealth inequality measures and by taking the debate a step further
by trying to estimate the direction in which wealth inequality will move in the
future.
In recent years, the National Centre for Social and Economic Modelling has
developed a model that can simulate the accumulation of wealth over time at the
family level. Aggregating the families provides estimates of the national distribution
of wealth, both now and in the future.
This paper uses the outcomes of the simulation to project future trends in wealth
inequality. The results are heavily influenced by the underlying assumptions but
provide some very valuable insights into whether wealth inequality will increase or
decrease in the future.
being publicly debated at present. This paper contributes to this debate by providing
some historical wealth inequality measures and by taking the debate a step further
by trying to estimate the direction in which wealth inequality will move in the
future.
In recent years, the National Centre for Social and Economic Modelling has
developed a model that can simulate the accumulation of wealth over time at the
family level. Aggregating the families provides estimates of the national distribution
of wealth, both now and in the future.
This paper uses the outcomes of the simulation to project future trends in wealth
inequality. The results are heavily influenced by the underlying assumptions but
provide some very valuable insights into whether wealth inequality will increase or
decrease in the future.
| Original language | English |
|---|---|
| Number of pages | 23 |
| Publication status | Published - 2002 |
| Event | Australian Conference of Economists - Adelaide, Australia Duration: 30 Sep 2002 → 3 Oct 2002 |
Conference
| Conference | Australian Conference of Economists |
|---|---|
| Country | Australia |
| City | Adelaide |
| Period | 30/09/02 → 3/10/02 |
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Cite this
Kelly, S. (2002). Simulating Future Trends in Wealth Inequality. Paper presented at Australian Conference of Economists, Adelaide, Australia.