Transcript Document

GROWING TOGETHER:
THE AUSTRALIAN SOCIAL DEMOCRATIC MODEL
Presentation by
Hon Wayne Swan MP
Member for Lilley
Treasurer (2007 – 2013)
Deputy Prime Minister (2010 – 2013)
Chart 1
GDP growth since 2007, G7 economies and Australia,
per cent
Source: IMF World Economic Outlook database
Chart 2
Chart 3
Trends in real median equivalised household income,
Australia, 1981–82 to 2011–12 (1981–82 = 100)
Source: Calculated from Johnson and Wilkins (2006) and Australian Bureau of Statistics,
Household Income and Income Distribution surveys, various years.
Chart 4
Trends in real incomes at different decile points, Australia, 1994–95 to
2011–12 Cumulative percentage change in real equivalent incomeunit income
Source: Calculated from ABS, Household Income and Income Distribution surveys, various years.
Chart 5
Extent to which a father’s income is a predictor of what
his son will earn
Source: Miles Corak 2012
Chart 6
Income share of the top 1 per cent across Australia, the
US and the UK(%)
Source: The World Top Incomes Database
Chart 7
Minimum relative to average wages of full-time
workers, per cent, selected OECD countries (2011)
0.6
0.5
0.4
0.3
0.2
0.1
0
Source: OECD
Chart 8
Total welfare expenditure, per cent of GDP (2009)
30
25
20
15
10
5
0
Source: Australian Institute of Health and Welfare, Australia’s Welfare 2013.
Chart 9
Test score Inequality and earnings inequality
Source: Economic Journal
Chart 10
Australia’s mean scores in reading, mathematical &
scientific literacy in PISA, 2000 and 2009
Chart 11
Tax expenditures for superannuation by income decile,
per cent (2009-10)
Source: The Treasury, Distributional analysis of superannuation taxation concessions.