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The Distribution of Wealth: What Is It, What Does It Mean, and Is It Important?

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  • John Piggott

Abstract

This paper summarises the available evidence on the present‐day distribution of wealth in Australia, and draws comparison with international evidence. With this as background, I argue that an initiative to collect more up‐to‐date information on Australia's wealth distribution would be most useful if it focused on the least wealthy 90 to 95 per cent of the population, even though this group probably owns not more than half the nation's wealth.

Suggested Citation

  • John Piggott, 1988. "The Distribution of Wealth: What Is It, What Does It Mean, and Is It Important?," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 21(3), pages 35-41, September.
    • Handle: RePEc:bla:ausecr:v:21:y:1988:i:3:p:35-41
    DOI: 10.1111/j.1467-8462.1988.tb00552.x
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    Cited by:

    1. Gavin A. Wood, 1999. "Home-owner Residential Property Taxes and their Burden on Net Personal Wealth: An Empirical Study for Australia," Urban Studies, Urban Studies Journal Limited, vol. 36(2), pages 239-254, February.

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