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Inequality and Inclusive Growth in Rich CountriesShared Challenges and Contrasting Fortunes$
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Brian Nolan

Print publication date: 2018

Print ISBN-13: 9780198807032

Published to Oxford Scholarship Online: July 2018

DOI: 10.1093/oso/9780198807032.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 31 July 2021

Left Behind? Inequality and Inclusive Growth—Assessing the Australian Experience

Left Behind? Inequality and Inclusive Growth—Assessing the Australian Experience

(p.41) 3 Left Behind? Inequality and Inclusive Growth—Assessing the Australian Experience
Inequality and Inclusive Growth in Rich Countries

Peter Whiteford

Oxford University Press

This chapter sets out the key trends in inequality and in household incomes and its components across the distribution in the case of Australia, and brings out the distinctive features at work. These relate both to the nature of the economy and to the institutional structures in the labour market and the tax–transfer system. It brings out that much of the growth in real incomes for ordinary households since the 1980s was concentrated in the resources boom of the 2000s. Inequality has increased despite wage-setting institutions that are distinctive among Anglo-Saxon/liberal welfare states and a tax–transfer system that is particularly effective in directing support to lower-income households. Prospects for future growth are of particular concern given the macroeconomic context.

Keywords:   inequality, living standards, resources boom, fair wages, social wage, redistribution, inclusive growth

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