Abstract
Professor Peter Whiteford asks whether young people today are likely to do as well as older generations. He looks at changes in wealth of different age groups over generations, where he finds the wealth of older generations has increased more rapdly than that of younger generations due to both superannuation wealth and property wealth increasing. However he says, that younger Australian households have continued to enjoy increases in real incomes overtime, in contrast to the same cohort in other advanced economies, where they have fallen behind.
Original language | English |
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Place of Publication | Australia |
Commissioning body | CEDA - the Committee for Economic Development of Australia |
Publication status | Published - 2018 |