Wealth inequality in Australia 1989-2010

Jenny Chesters

Research output: A Conference proceeding or a Chapter in BookConference contribution

Abstract

During the 1980s and 1990s, Australian governments embraced neoliberalism and in the long boom that followed, total household wealth increased dramatically. Examination of the distribution of this increasing wealth has been constrained by a lack of data on the wealth holdings of Australians. This paper uses two unusual sources of data, the National Accounts published by the Australian Bureau of Statistics and the Business Review Weekly Rich Lists, to examine the relationship between total household wealth, wealth per capita and the wealth of the wealthiest Australians. The results presented here show that wealth inequality increases during periods of economic growth and decreases during periods of contraction.
Original languageEnglish
Title of host publicationLocal Lives, Global Networks' Conference
EditorsSteven Threadgold, Emma Kirby, John Germov
Place of PublicationNewcastle
PublisherThe Australian Sociological Assocition
Pages1-18
Number of pages18
Volume1
Publication statusPublished - 2011
EventLocal Lives, Global Networks' Conference - Newcastle, Australia
Duration: 28 Nov 20111 Dec 2011

Conference

ConferenceLocal Lives, Global Networks' Conference
CountryAustralia
CityNewcastle
Period28/11/111/12/11

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Chesters, J. (2011). Wealth inequality in Australia 1989-2010. In S. Threadgold, E. Kirby, & J. Germov (Eds.), Local Lives, Global Networks' Conference (Vol. 1, pp. 1-18). Newcastle: The Australian Sociological Assocition.