Distribution of the Economic Gains of the 1990s

Dean Parham, Paula Barnes, Paul Roberts and Sharon Kennett
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Dean Parham: Productivity Commission
Paula Barnes: Productivity Commission
Paul Roberts: Productivity Commission
Sharon Kennett: Productivity Commission

Development and Comp Systems from University Library of Munich, Germany

Abstract: „h Australia¡¦s surge in productivity growth in the 1990s fuelled an acceleration in growth in total income and average income (income per person in Australia). ¡V Annual average income growth accelerated from 1.4 per cent in the 1970s and 1980s to 2.5 per cent in the 1990s. ¡V Faster productivity growth accounted for over 90 per cent of the acceleration. „h The income growth of the 1990s was distributed evenly between labour (wages and salaries) and capital (profits). The labour and capital shares in economywide income were stable throughout the 1990s. Concerns that productivity-enhancing factors have adversely affected the income-earning potential of labour appear to be unfounded at the aggregate level.

Keywords: economic; gains; -; distribution; -; living; standards; -; income; -; productivity; -; employment; -; wealth; -; consumption; -; education; -; health; -; housing; -; environment; -; working; hours (search for similar items in EconPapers)
JEL-codes: O P (search for similar items in EconPapers)
Date: 2001-05-21
Note: Type of Document - PDF; prepared on IBM PC; to print on HP;
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