Journal article
Private and public consumption across generations in Australia
JM Rice, JB Temple, PF McDonald
Australasian Journal on Ageing | WILEY | Published : 2017
DOI: 10.1111/ajag.12489
Abstract
Objective: To investigate intergenerational equity in consumption using the Australian National Transfer Accounts (NTA). Methods: Australian NTA estimates of consumption were used to investigate disparities in consumption between people of different ages and generations in Australia between 1981–1982 and 2009–2010. Results: There is a clear patterning of consumption by age, with the distribution by age of consumption funded by the private sector being very different to that of consumption funded by the public sector. Australians have achieved notable equality in total consumption among people between the ages of 20 and 75 years. Substantial disparities exist, however, between different gener..
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Grants
Awarded by Australian Research Council
Funding Acknowledgements
The Australian National Transfer Accounts (NTA) form part of a large international effort led by the East-West Center and the Center for the Economics and Demography of Aging, University of California at Berkeley. Further information is available at: www.ntaccounts.org. Funding for the development of the Australian NTA has been provided by the National Health and Medical Research Council and the Australian Research Council through an Ageing Well, Ageing Productively Research Program grant (ID 401158) and the Australian Research Council Centre of Excellence in Population Ageing Research (CE1101029). Funding has also been provided by the Australian Government Department of Social Services. Numerous Australian Bureau of Statistics (ABS) survey data sets were made available to the authors by the ABS. Beau Stephen, Ann Grealy and Linda Skiller from the ABS were very helpful in facilitating access to Confidentialised Unit Record Files for surveys conducted by the ABS. A draft of this article benefited greatly from extensive and insightful comments by Julie McMillan. The authors declare no conflicts of interest.