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The distribution of economic wellbeing is a key indicator ofa society and is a function of inequalities in income, wealth andconsumption. However, almost all studies have relied upon income asthe sole measure of economic wellbeing. The omission of wealthoverlooks that wealth provides security, freedom and power. Thesefeatures are not captured by income alone. This book attempts toenhance our understanding of the distribution of economic wellbeingand inequality in Australia by using wealth as the measure. Itprovides trends and estimates of the level and inequality of wealthin Australia at the current time. It estimates future wealthinequality. Finally, it provides some insights into a number ofwealth-related social policy questions. The author is able to thesevery detailed projections through the use of a technique notpreviously employed in Australia to estimate wealth - dynamicmicrosimulation. This book should be especially useful tomicrosimulation modellers, social policy researchers, those with aninterest in the economic impact of an ageing population, or anyoneinterested in trends in wealth inequality.
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