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

Jenny Chesters

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

Jenny Chesters

Research output: A Conference proceeding or a Chapter in Book › Conference contribution › peer-review

Abstract

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 language	English
Title of host publication	The Annual Conference of the Australian Sociological Association 2012 : Emerging and Enduring Inequalities
Editors	Lynda Cheshire, Alex Broom
Place of Publication	Queensland
Publisher	The Australian Sociological Association
Pages	1-8
Number of pages	8
Volume	1
ISBN (Print)	9780646587837
Publication status	Published - 2012
Event	Emerging and Enduring Inequalities - Brisbane, Australia Duration: 26 Nov 2012 → 29 Nov 2012

Conference

Conference	Emerging and Enduring Inequalities
Country/Territory	Australia
City	Brisbane
Period	26/11/12 → 29/11/12

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

https://www.tasa.org.au/wp-content/uploads/2012/11/Chesters-Jenny1.pdf

Cite this

@inproceedings{96cc00d408ee49a8aa4c2d30cf98a0c9,

title = "The Effect of the GFC on the Distribution of Wealth in Australia",

abstract = "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",

keywords = "Wealth Inequality, Global Financial Crisis, Ageing Population",

author = "Jenny Chesters",

year = "2012",

language = "English",

isbn = "9780646587837",

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pages = "1--8",

editor = "Lynda Cheshire and Alex Broom",

booktitle = "The Annual Conference of the Australian Sociological Association 2012 : Emerging and Enduring Inequalities",

publisher = "The Australian Sociological Association",

note = "Emerging and Enduring Inequalities ; Conference date: 26-11-2012 Through 29-11-2012",

}

Chesters, J 2012, The Effect of the GFC on the Distribution of Wealth in Australia. in L Cheshire & A Broom (eds), The Annual Conference of the Australian Sociological Association 2012 : Emerging and Enduring Inequalities . vol. 1, The Australian Sociological Association, Queensland, pp. 1-8, Emerging and Enduring Inequalities, Brisbane, Australia, 26/11/12. <https://www.tasa.org.au/wp-content/uploads/2012/11/Chesters-Jenny1.pdf>

The Effect of the GFC on the Distribution of Wealth in Australia. / Chesters, Jenny.
The Annual Conference of the Australian Sociological Association 2012 : Emerging and Enduring Inequalities . ed. / Lynda Cheshire; Alex Broom. Vol. 1 Queensland: The Australian Sociological Association, 2012. p. 1-8.

Research output: A Conference proceeding or a Chapter in Book › Conference contribution › peer-review

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T1 - The Effect of the GFC on the Distribution of Wealth in Australia

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PY - 2012

Y1 - 2012

N2 - 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

AB - 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

KW - Wealth Inequality

KW - Global Financial Crisis

KW - Ageing Population

M3 - Conference contribution

SN - 9780646587837

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BT - The Annual Conference of the Australian Sociological Association 2012 : Emerging and Enduring Inequalities

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T2 - Emerging and Enduring Inequalities

Y2 - 26 November 2012 through 29 November 2012

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