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The last 60 years have seen Australia and the United Kingdom diverge, both socially and economically. This paper considers how the widening social gap between the two countries is reflected by their respective redistributive systems. The analysis is based upon two microsimulation procedures –...
Persistent link: https://www.econbiz.de/10015385231
A dynamic microsimulation model of cohort labour earnings based on the Australian population aged between 20 and 55 years is described. Care has been taken to specify the model, subject to the limited data that were available for estimation. Despite the restrictive specifications used, the model...
Persistent link: https://www.econbiz.de/10015385232