Despite strong economic growth that produced millions of new jobs since the early 1990s, income inequality grew dramatically in most regions of the world and is expected to increase due to the current global financial crisis, according to this report. The report also notes that a major share of the cost of the financial and...

The relationship between income inequality and national savings is theoretically ambiguous, and past empirical studies have delivered mixed results. The authors of this paper revisit the question using a newly available source of data on inequality: the income share of the richest 10 percent and the richest 1 percent. Combining this with historical data on...

This paper compares the effects of pro and counter-cyclical government spending on income inequality and welfare in a small open economy. The authors examine the consequences of alternative government spending rules following shocks to productivity, domestic interest rates, terms of trade and export demand. The simulated results show that the type of spending rule makes...

Importantly, it outlines the practical individual policy steps that government can take in order to achieve the outcome of accessible broadband for all. Within a relatively short period of time, broadband services have ceased to be a luxury and are now a necessity for most Australians. However, the availability of high quality services is geographically...

ACOSS's submission to the Fair Pay Commission calls for a substantial rise in minimum wages to help ease financial pressures on low paid workers from rising rents, food and fuel prices. It argues that the financial security of low paid households rests on three pillars: minimum wages, employment, and income support and that it would...