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Private and public consumption across generations in Australia.
- Source :
-
Australasian journal on ageing [Australas J Ageing] 2017 Dec; Vol. 36 (4), pp. 279-285. - Publication Year :
- 2017
-
Abstract
- Objective: To investigate intergenerational equity in consumption using the Australian National Transfer Accounts (NTA).<br />Methods: Australian NTA estimates of consumption were used to investigate disparities in consumption between people of different ages and generations in Australia between 1981-1982 and 2009-2010.<br />Results: There is a clear patterning of consumption by age, with the distribution by age of consumption funded by the private sector being very different to that of consumption funded by the public sector. Australians have achieved notable equality in total consumption among people between the ages of 20 and 75 years. Substantial disparities exist, however, between different generations, with earlier generations experiencing lower levels of total consumption in real terms at particular ages than later generations.<br />Conclusion: An accurate picture of intergenerational equity in consumption requires consideration of both cohorts and cross sections, as well as consumption funded by both the public and the private sectors.<br /> (© 2017 AJA Inc.)
- Subjects :
- Adult
Age Factors
Aged
Australia
Cross-Sectional Studies
Family Characteristics
Female
Humans
Longitudinal Studies
Male
Middle Aged
Models, Economic
Population Dynamics
Private Sector economics
Public Sector economics
Time Factors
Young Adult
Aging
Economic Development trends
Income trends
Private Sector trends
Public Sector trends
Subjects
Details
- Language :
- English
- ISSN :
- 1741-6612
- Volume :
- 36
- Issue :
- 4
- Database :
- MEDLINE
- Journal :
- Australasian journal on ageing
- Publication Type :
- Academic Journal
- Accession number :
- 29205845
- Full Text :
- https://doi.org/10.1111/ajag.12489