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.
|Title of host publication||Local Lives, Global Networks' Conference|
|Editors||Steven Threadgold, Emma Kirby, John Germov|
|Place of Publication||Newcastle|
|Publisher||The Australian Sociological Assocition|
|Number of pages||18|
|Publication status||Published - 2011|
|Event||Local Lives, Global Networks' Conference - Newcastle, Australia|
Duration: 28 Nov 2011 → 1 Dec 2011
|Conference||Local Lives, Global Networks' Conference|
|Period||28/11/11 → 1/12/11|
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.