With widening income differences and growing social divisions, citizens are less willing to support each other and taxpayers less willing to pay taxes.
Analysis shows that rising inequality over the past 20 years makes it harder to increase taxes and makes citizens less willing to pay them.
New ONS data indicate that the UK's poorest households are doing better and the richest are worse off. But this isn't the full picture.
Job seekers wait for employers searching for casual labour on the streets of Cape Town.
South Africa's proposed national minimum wage must not be seen as a solution for all the country's economic problems but as a floor to protect the most vulnerable workers.
Analysis shows single parents who are welfare recipients have a financial incentive to seek work.
Despite media reports that single parents might find relying on welfare payments more appealing than working, analysis shows they are better off working and more than half in Australia are.
BHP Billiton Chief Executive Officer Andrew Mackenzie didn’t get his incentive payments in 2016 after the Samarco disaster.
Like in the US and UK, Australian companies should be forced to disclose how the pay of CEOs compares with that of an average worker.
Research shows that even taking into account all the drivers of the gender pay gap there is still a large portion we can’t explain.
Misunderstandings about the gender pay gap diminish the importance of its impact, so it's time to explain the different ways it's measured.
Those who want to work longer should be given the option to, McKeon argues.
Business Briefing: Simon McKeon on removing the retirement label.
The Conversation 16.3 MB (download)
If we're all living longer, why shouldn't we be allowed to work longer? That's what Monash Chancellor Simon McKeon is arguing.
Business Briefing: what to do about low incomes.
The Conversation 10.5 MB (download)
Australia needs to increase productivity in different ways because at the moment living standards are low compared to past years.
The January terrorist attack in Jakarta indicated a revival of radical jihadi groups in Indonesia.
Indonesia should tackle the job and income insecurities that plague its large young workforce, to help prevent them being lured into joining violent extremist groups.
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Across Europe, there has been a rise in the number of women earning the most in their family.
Thomas Piketty argues that education is a big equaliser in a highly unequal society like South Africa. But it must be good quality education.
Twenty years ago, Brazil and South Africa were in a similar position when it comes to inequality. Brazil has made significant progress in addressing this, but South Africa hasn't.
Despite the fact that Australians are getting wealthier, financial literacy is not increasing at the same rate.
The wealth profile of Australian households has changed phenomenally over the past 25 years, according to a recent paper from the Australian Centre for Financial Studies. Thanks to increases in asset prices…
The hairband I’m rockin’? Mum bought it.
Families where mothers earn as much as or more than fathers are no more likely to split up than those where mothers earn…
The proportion of renters is now roughly equal to the numbers of outright home owners.
Image from www.shutterstock.com
For all our talk about housing affordability, few people want house prices to drop. That’s because most Australians are home owners, and much of our wealth is stored in housing. But recent figures released…
Most Australians have benefited from the mining boom – except single-parent families who are living in poverty.
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Most Australians have benefited from Australia’s decade-long period of economic prosperity – except for single parents and…
Household incomes rose, and people remained satisfied with their homes and neighbourhoods, throughout the global financial crisis.
Average household incomes in Australia defied the global financial crisis to increase substantially in the 2008-09 financial…
Raising the income tax rate can disproportionately burden young people and low-income earners.
Oliver Wendell Holmes, jnr famously said that he liked paying income tax: it was the price of civilisation. Sure, he bought his civilisation at about seven cents in the dollar, but the general point remains…
Most families with at least one child say they are ‘comfortable’ with their finances at just under $80,000, according to latest figures from the Melbourne Institute of Applied Economic and Social Research.
Flickr, Meredith Farkas.
Most families say they would feel comfortable living on an annual household income of just under $80,000 according to new…