Income, wealth and economic inequality in Australia

Tapper, Alan; Fenna, Alan

doi:10.1002/ajs4.47

Cited by 5 publications

(3 citation statements)

References 17 publications

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“…In an earlier study, we analysed the combined effect of income and wealth on economic inequality in Australia (Tapper and Fenna, 2018). The present study is an attempt to take that one step further, incorporating the age variable, using ABS data for 2009-10.…”

Section: Discussionmentioning

confidence: 99%

The Relationship between Income, Wealth and Age in Australia

Tapper¹,

Fenna²

2019

Australian Economic Review

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This article analyses the relationship between income, wealth, wealth-adjusted income, and age in Australia using a 2009-10 cross-sectional data set. The main findings are: (1) wealth and wealth-adjusted income generally rise with age, while income is constant across the life cycle; (2) both income inequality and wealth inequality rise until mid-life and fall thereafter, while wealth-adjusted income inequality depends on the method of calculation used, one showing a fall in later life and another showing no fall; (3) after income, wealth and wealth-adjusted income inequalities are adjusted for age, underlying inequality is lower in all three cases.

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Section: Discussionmentioning

confidence: 99%

The Relationship between Income, Wealth and Age in Australia

Tapper¹,

Fenna²

2019

Australian Economic Review

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“…ICT growth may exacerbate inequality due to differential access and skill premiums [ 18 ]. Economic well-being and economic inequality are usually quantified using income measurements of various sorts [ 19 ]. The growing labor market inequality and rising intergenerational divides amplifying the importance of parental resources [ 20 ].…”

Section: Literature Reviewmentioning

confidence: 99%

Research review for effects of investment on polarization of wealth

Yoon

2024

Heliyon

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“…Thus, we controlled for gender, age and income in allanalyses. Because income and education are typically highly correlated, our preregistered analyses did not include both factors in statistical models in order to reduce collinearity46 .Altruists and controls did not differ significantly in relationship type (i.e., spouse, friend, roommate, etc. ; see FigureS1in the SI) across nominations.…”

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Does impartial altruism incur costs in close relationships?

Amormino,

Kagel,

et al. 2024

Preprint

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Impartial altruism is often considered a moral ideal but is rare in practice. Instead, generosity typically decreases as social distance increases, a phenomenon termed social discounting. Most people prefer this partiality in their close relationships and view impartial altruists as poorer relationship partners. This suggests real-world impartial altruism may be rare because it reduces—or is perceived to reduce—the quality of close relationships. To investigate this, we compared patterns of generosity and social relationship quality in a rare sample of individuals who had engaged in extraordinary real-world impartial altruism (altruistic kidney donors; n=59) and their closest friend or family member (n=59) to demographically similar controls (n=71) and their closest others (n=71). We designed a novel direct test of third-party social discounting, which experimentally confirmed real-world altruists’ impartiality, finding that they are more likely than controls to split resources evenly between close and distant others rather than favoring close others. However, we found no relationship between impartial altruism and socialrelationship quality. Instead, we found that altruists’ close others also show more impartiality than controls. This suggests value homophily (shared moral values) among altruists, which may represent a protective factor for close relationships in the context of impartial altruism.

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Income, wealth and economic inequality in Australia

Abstract: Economic well-being and economic inequality are usually quantified using income measurements of various sorts.Such analyses overlook the contribution of wealtha potentially very significant factor. In this article, we inte-

Cited by 5 publications

References 17 publications

The Relationship between Income, Wealth and Age in Australia

The Relationship between Income, Wealth and Age in Australia

Research review for effects of investment on polarization of wealth

Does impartial altruism incur costs in close relationships?

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