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Top wealth shares in Australia 1915-2012

Top wealth shares in Australia 1915-2012

Katic, Pamela ORCID: 0000-0001-7594-1081 and Leigh, Andrew (2015) Top wealth shares in Australia 1915-2012. Review of Income and Wealth, 62 (2). pp. 209-222. ISSN 0034-6586 (Print), 1475-4991 (Online) (doi:https://doi.org/10.1111/roiw.12177)

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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 been lower than in the U.K. and U.S.

Item Type: Article
Uncontrolled Keywords: Estate taxation; Inequality; Rich lists; Wealth distribution
Subjects: H Social Sciences > HG Finance
Faculty / Department / Research Group: Faculty of Engineering & Science
Faculty of Engineering & Science > Natural Resources Institute
Faculty of Engineering & Science > Natural Resources Institute > Development Studies Research Group
Last Modified: 26 Sep 2017 15:02
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
URI: http://gala.gre.ac.uk/id/eprint/17666

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