The Effect of the GFC on the Distribution of Wealth in Australia

Jenny Chesters

    Research output: A Conference proceeding or a Chapter in BookConference contributionpeer-review


    The recent Global Financial Crisis has renewed interest in levels of social inequality on both a global and a national level. Social inequality is generally conceptualised in terms of economic inequality related to income, ignoring the effects that wealth inequality has on well-being. This paper examines levels of wealth inequality in households with at least one person aged 50 years or more in Australia using the 2006 and 2010 waves of the Household Income and Labour Dynamics in Australia data. The results show that although there was a general decline in wealth holdings, wealth inequality at the household level increased dramatically between 2006 and 2010
    Original languageEnglish
    Title of host publicationThe Annual Conference of the Australian Sociological Association 2012 : Emerging and Enduring Inequalities
    EditorsLynda Cheshire, Alex Broom
    Place of PublicationQueensland
    PublisherThe Australian Sociological Association
    Number of pages8
    ISBN (Print)9780646587837
    Publication statusPublished - 2012
    EventEmerging and Enduring Inequalities - Brisbane, Australia
    Duration: 26 Nov 201229 Nov 2012


    ConferenceEmerging and Enduring Inequalities


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