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OECD: In it together: why less inequality benefits all … in Australia

OECD

In It Together: Why Less Inequality Benefits All … in Australia, OECD, 21 May 2015

This is the Australia-oriented summary takeout from a broader OECD project. The material at the link includes graphs on income inequality trends and a comparison between countries.

The OECD work is at least the sixth report on inequality in Australia in the last year or so. The most recent local one (CEDA) is here, with a link to the earlier ones and to other resources on inequality .

The OECD headlines for Australia:

The OECD discusses reasons for the trend in Australia, including women’s employment, male-female pay differentials, and non-standard work, such as part-time, casual and contract (Australia has a high incidence, compared with the OECD average).

In Australia, the bulk of increase in market income inequality in the past 15 years is due to the widening of the earnings dispersion. This was due to a large decline in hours worked for low-paid men and a larger increase in hourly wages of highly-paid men.

Media coverage of the report in Australia was minimal, with The New Daily being a notable exception.