Household Inequality and Risk Sharing in Australia

Youjin Hahn, Stephen Matteo Miller, Hee Seung Yang

Research output: Contribution to journalArticlepeer-review

Abstract

This study presents estimates of multidimensional household inequality in Australia from 2001 to 2017. Earnings inequality declines through the sample, while disposable income, non-durable consumption expenditures, food expenditures and net worth inequality exhibit relatively flat trends. The relatively flat trend for non-durable expenditures inequality, even over the life cycle, suggests households insure consumption against idiosyncratic shocks. Standard regression estimates of consumption growth against income shocks confirm this finding. Quantile regression estimates indicate households experiencing negative (positive) consumption growth have more sensitivity to negative (positive) income shocks than households with positive (negative) consumption growth, but coefficient estimates have small magnitudes, confirming standard tests.

Original languageEnglish
Pages (from-to)169-191
Number of pages23
JournalGlobal Economic Review
Volume50
Issue number2
DOIs
Publication statusPublished - 2021

Bibliographical note

Publisher Copyright:
© 2020 Institute of East and West Studies, Yonsei University, Seoul.

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • General Economics,Econometrics and Finance
  • Political Science and International Relations

Fingerprint

Dive into the research topics of 'Household Inequality and Risk Sharing in Australia'. Together they form a unique fingerprint.

Cite this