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The Distribution of Wealth: What Is It, What Does It Mean, and Is It Important?
Author(s) -
Piggott John
Publication year - 1988
Publication title -
australian economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.308
H-Index - 29
eISSN - 1467-8462
pISSN - 0004-9018
DOI - 10.1111/j.1467-8462.1988.tb00552.x
Subject(s) - wealth distribution , distribution (mathematics) , distribution of wealth , economics , national wealth , population , demographic economics , sociology , demography , inequality , accounting , mathematics , mathematical analysis
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.