Report

Have tax-transfer policy reforms increased inequality?

Guyonne Kalb, Nicolas Herault, Francisco Azpitarte

Melbourne Institute of Applied Economic and Social Research | Published : 2020

Abstract

Australia has experienced 28 years of uninterrupted annual economic growth. Since reaching a peak of 11 per cent in 1993, the unemployment rate declined sharply and has been below 6 per cent for most of the period since mid-2003. Yet despite unprecedented economic expansion in Australia since the mid-1990s, fiscal reform has created a less progressive tax-transfer system, contributing to rising income inequality.