Melbourne Institute of Applied Economic and Social Research - Research Publications
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ItemThe dynamics of income poverty in Australia: Evidence from the First Three Waves of the HILDA SurveyHEADEY, BW ; MARKS, G ; WOODEN, MP (Australia Council of Social Service, 2005)
ItemMoney does not buy happiness: Or does it? A reassessment based on the combined effects of wealth, income and consumptionHeadey, B ; Muffels, R ; Wooden, M (SPRINGER, 2008-05-01)
ItemFemale breadwinner families: their existence, persistence and sourcesWOODEN, MP ; BLACK, DJ ; DRAGO, R ( 2005)
ItemHousehold wealth in Australia: its components, distribution and correlatesMARKS, G ; HEADEY, BW ; WOODEN, MP (Sage Publications, 2005)Using data from the second wave of the Household, Income and Labour Dynamics in Australia (HILDA) Survey, conducted in 2002, this article provides information on the composition, distribution and correlates of the wealth holdings of Australian households. The survey results indicate that Australian households have an average net worth (or wealth) of just over A$400,000, comprising assets of $473,000 and debts of $68,000. The largest component of wealth is home equity. The degree of inequality across households in wealth inequality is found to be much larger than the inequality in income and varies substantially with age and, to a lesser extent, with household type and education. Age, socio-economic background, educational attainment, marital status and the number of children can account for about 30 percent of the variation across households in (logged) wealth.
ItemThe effects of household joblessness on mental healthScutella, R ; Wooden, M (PERGAMON-ELSEVIER SCIENCE LTD, 2008-07-01)It is widely assumed that the economic and social costs that unemployment gives rise to must be exacerbated where joblessness is concentrated within families. This hypothesis is tested in this paper. Specifically, data from the first five waves of the Household, Income and Labour Dynamics in Australia Survey (HILDA), a nationally representative household panel survey administered in Australia, are used to test whether jobless individuals score worse on a measure of mental health when they live in households with other jobless people. Consistent with previous research, unemployment is found to be associated with lower levels of mental health. No evidence, however, can be found for any additional disadvantage to the unemployed stemming from living in a jobless household.