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Autor:innen: 
Erscheinungsjahr: 
2023
Quellenangabe: 
[Journal:] The Journal of Economic Inequality [ISSN:] 1573-8701 [Volume:] 21 [Issue:] 4 [Publisher:] Springer US [Place:] New York, NY [Year:] 2023 [Pages:] 835-866
Verlag: 
Springer US, New York, NY
Zusammenfassung: 
The omission of pension wealth potentially distorts the international comparison of wealth distributions. Private pension wealth is often included in households’ wealth portfolios, while public pension claims are not. Augmented wealth, the sum of net worth and pension wealth, resolves this limitation by including the present value of social security pension wealth. This article provides a detailed analysis of augmented wealth in Australia between 2002 and 2018, capturing the establishment of the compulsory private pension scheme, Superannuation, which was introduced in 1992. Augmented wealth is slightly less equally distributed in Australia than in Germany or Switzerland but more equal than in the United States. The article also explores the relationship between Superannuation dissaving rates and the means-tested public pension scheme, Age Pension, and its distributional implications.
Schlagwörter: 
Augmented wealth
Net worth
Pension wealth
Inequality
Household income and labour dynamics in Australia survey
JEL: 
D31
H55
J32
Persistent Identifier der Erstveröffentlichung: 
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Dokumentart: 
Article
Dokumentversion: 
Published Version

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