Income Fairness & Equality
Budget week brings commentary of whether tax cuts are fair or not. This tends to focus judgement on the incremental change rather than the total picture. A presentation by Prof. Ann Harding of NATSEM to the Sustainable Prosperity Conference in Melbourne on 31 March addressed the (pre-budget) trends in total income equality in Australia. Her conclusions are:
* Strong economic growth and continuing fall in unemployment have resulted in private income growth, especially at the bottom end
* There has been a modest increase in income inequality from 1994-95 to 2002-03.
* Australian welfare redistributes substantial resources from rich to poor and from young people without children to older Australians
A full report is soon to be published by NATSEM. Slides from Ann Harding's presentation are accessible at http://www.natsem.canberra.edu.au/publication.jsp?titleID=CP0505
Posted Saturday, 14 May 2005
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