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dc.contributor.authorMARKS, G
dc.contributor.authorHEADEY, BW
dc.contributor.authorWOODEN, MP
dc.date.available2014-05-21T21:44:32Z
dc.date.issued2005
dc.identifierhttp://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000228278700003&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=d4d813f4571fa7d6246bdc0dfeca3a1c
dc.identifier.citationMARKS, G., HEADEY, B. W. & WOODEN, M. P. (2005). Household wealth in Australia: its components, distribution and correlates. Journal of Sociology, 41 (1), pp.47-68. https://doi.org/10.1177/1440783305050963.
dc.identifier.issn1440-7833
dc.identifier.urihttp://hdl.handle.net/11343/28565
dc.descriptionC1 - Refereed Journal Article
dc.description.abstract<jats:p> 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. </jats:p>
dc.languageEnglish
dc.publisherSage Publications
dc.subjectSociology
dc.titleHousehold wealth in Australia: its components, distribution and correlates
dc.typeJournal Article
dc.identifier.doi10.1177/1440783305050963
melbourne.peerreviewPeer Reviewed
melbourne.affiliationThe University of Melbourne
melbourne.affiliation.departmentMelbourne Institute of Applied Economic and Social Research
melbourne.source.titleJournal of Sociology
melbourne.source.volume41
melbourne.source.issue1
melbourne.source.pages47-68
melbourne.publicationid41752
melbourne.elementsid271813
melbourne.contributor.authorWooden, Mark
melbourne.contributor.authorMarks, Gary
melbourne.contributor.authorHeadey, Bruce
melbourne.internal.ingestnoteAbstract bulk upload (2017-07-20)
dc.identifier.eissn1741-2978
melbourne.accessrightsThis item is currently not available from this repository


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