The distribution of economic wellbeing is a key indicator of a society
and is a function of inequalities in income, wealth and consumption.
However, almost all studies have relied upon income as the sole measure
of economic wellbeing. The omission of wealth overlooks that wealth
provides security, freedom and power. These features are not captured by
income alone. This book attempts to enhance our understanding of the
distribution of economic wellbeing and inequality in Australia by using
wealth as the measure. It provides trends and estimates of the level and
inequality of wealth in Australia at the current time. It estimates
future wealth inequality. Finally, it provides some insights into a
number of wealth-related social policy questions. The author is able to
these very detailed projections through the use of a technique not
previously employed in Australia to estimate wealth - dynamic
microsimulation. This book should be especially useful to
microsimulation modellers, social policy researchers, those with an
interest in the economic impact of an ageing population, or anyone
interested in trends in wealth inequality.