Inequality in Wealth Distribution in Australia

Running head: INEQUALITY IN WEALTH DISTRIBUTION IN AUSTRALIA
Inequality in Wealth Distribution in Australia
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INEQUALITY IN WEALTH DISTRIBUTION IN AUSTRALIA 1
Abstract
Inequality is a major concern in Australia. The rising gap in the Australian market has been
contributing to the increased rate of health issues, stagnant and decreasing economic growth
and GDP of the country. The paper explains the relevant causes of the sustained income gap
and in-equal distribution of wealth and resources among the people of Australia and the
current scenario of the nation with the help of measurement indicators. It further highlights
two of the most common problems caused due to the inequality and the possible
recommendations to abolish them from the economy of Australia.

INEQUALITY IN WEALTH DISTRIBUTION IN AUSTRALIA 2
Table of Contents
Introduction................................................................................................................................3
Findings......................................................................................................................................3
Discussion..................................................................................................................................6
Conclusion..................................................................................................................................7
Recommendation........................................................................................................................7
References..................................................................................................................................9

INEQUALITY IN WEALTH DISTRIBUTION IN AUSTRALIA 3
Introduction
During the last few years, the political and academic discussions on the issues of
inequality, growth and redistribution has substantially risen on the global agenda. There exist
complex patterns on the trends of inequality among the Australians over these times. The
constitution of an ideal allocation of wealth and income is a question of pervacy in the
concept of politics, economics and philosophy (Jenkins, 2017). From the macroeconomic
view point, the distribution of income and wealth are very important factors since rising
inequalities affects the economic growth and health of the nation. The purpose of this study
aims to find out the possible issues arising due to the in-equal wealth distribution and some
recommended solutions to the targeted problems such as stagnant growth rate of productivity
and illness caused due to the in-equal distribution.
Findings
The trends in in-equal distribution of wealth in the Australian economy are the result
of a wide range of factors (Dabla-Norris et al., 2015). Over the past few years, the Australian
market has experienced a sustained economic growth. According to the reports, the inequality
mainly emerged during the time of entry and early recovery from the recession. Furthermore,
evidences have been found that inequality grew significantly in the mid-2000s due to the
Global Recessions that hot the Australian market (Norton et al. 2014). One of the major
factors that contributed to the rising trend of inequality in Australian market is the increase in
wage disparities. There has been a steady flow in the rising disparity of income or wages
throughout the years. Besides these evidences has been found that the effectiveness of the
redistribution policy of the government in the early 1990s has caused substantial rise in the
inequality of income (Holmes, 2018). The deliberate and non-effective policies of the