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GROWING TOGETHER: THE AUSTRALIAN SOCIAL DEMOCRATIC MODEL

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.

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GROWING TOGETHER: THE AUSTRALIAN SOCIAL DEMOCRATIC MODEL

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  1. GROWING TOGETHER:THE AUSTRALIAN SOCIAL DEMOCRATIC MODEL Presentation by Hon Wayne Swan MP Member for Lilley Treasurer (2007 – 2013) Deputy Prime Minister (2010 – 2013)

  2. Chart 1GDP growth since 2007, G7 economies and Australia, per cent Source: IMF World Economic Outlook database

  3. Chart 2

  4. 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.

  5. Chart 4 Trends in real incomes at different decile points, Australia, 1994–95 to 2011–12 Cumulative percentage change in real equivalent income-unit income Source: Calculated from ABS, Household Income and Income Distribution surveys, various years.

  6. Chart 5 Extent to which a father’s income is a predictor of what his son will earn Source: Miles Corak 2012

  7. Chart 6 Income share of the top 1 per cent across Australia, the US and the UK(%) Source: The World Top Incomes Database

  8. Chart 7 Minimum relative to average wages of full-time workers, per cent, selected OECD countries (2011) Source: OECD

  9. Chart 8 Total welfare expenditure, per cent of GDP (2009) Source: Australian Institute of Health and Welfare, Australia’s Welfare 2013.

  10. Chart 9 Test score Inequality and earnings inequality Source: Economic Journal

  11. Chart 10 Australia’s mean scores in reading, mathematical & scientific literacy in PISA, 2000 and 2009

  12. Chart 11 Tax expenditures for superannuation by income decile, per cent (2009-10) Source: The Treasury, Distributional analysis of superannuation taxation concessions.

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