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Evaluating the distributional implications of price movements : methodology, application and Australian evidence

Nicholas, Aaron, Ray, Ranjan and Valenzuela, M. A. Rebecca 2010, Evaluating the distributional implications of price movements : methodology, application and Australian evidence, Economic record, vol. 86, no. 274, pp. 352-366.

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Title Evaluating the distributional implications of price movements : methodology, application and Australian evidence
Author(s) Nicholas, Aaron
Ray, Ranjan
Valenzuela, M. A. Rebecca
Journal name Economic record
Volume number 86
Issue number 274
Start page 352
End page 366
Publisher Wiley - Blackwell Publishing Asia
Place of publication Richmond, Vic.
Publication date 2010-09
ISSN 0013-0249
1475-4932
Summary This article investigates the distributional implication of relative price movements in Australia. It proposes and applies a method of evaluating the nature and size of the inequality bias of price movements. In the process, the study introduces a new demographic demand model that yields sensible and statistically significant estimates of the general equivalence scale and the size economies of scale. The study finds that relative price movements in Australia during the 1990s had an inequality increasing bias and that this bias increased in the late 1990s and the first part of the new millennium. The disaggregated analysis of the inequality movements shows that the regressive nature of relative price changes affected the renters much more than non-renters. The study also provides evidence on the decomposition of overall inequality between demographic groups and compares the decomposition between the nominal and real expenditure inequalities.
Language eng
Field of Research 149999 Economics not elsewhere classified
Socio Economic Objective 970114 Expanding Knowledge in Economics
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2009, The Economic Society of Australia
Persistent URL http://hdl.handle.net/10536/DRO/DU:30032683

Document type: Journal Article
Collection: Deakin Graduate School of Business
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