publication . Article . Other literature type . 2016

Top Wealth Shares in Australia 1915–2012

Katic, Pamela; Leigh, Andrew;
Open Access
  • Published: 01 Jun 2016 Journal: Review of Income and Wealth, volume 62, pages 209-222 (issn: 0034-6586, Copyright policy)
  • Publisher: Wiley
  • Country: United Kingdom
Abstract
Combining data from surveys, inheritance tax records, and rich lists, we estimate top wealth shares for Australia from World War I until the present day. We find that the top 1 percent share declined by two-thirds from 1915 until the late 1960s, and rose from the late 1970s to 2010. The recent increase is sharpest at the top of the distribution, with the top 0.001 percent wealth share tripling from 1984 to 2012. The trend in top wealth shares is similar to that in Australian top income shares (though the drop in the first half of the twentieth century is larger for wealth than income shares). Since the early twentieth century, top wealth shares in Australia have...
Subjects
free text keywords: Economics and Econometrics, Inheritance tax, Wealth distribution, Labour economics, First world war, Inequality, media_common.quotation_subject, media_common, Economics, Income shares, National wealth, HG
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publication . Article . Other literature type . 2016

Top Wealth Shares in Australia 1915–2012

Katic, Pamela; Leigh, Andrew;