Economics assessment

1

Economics assessment Income Distribution Nathalie
Saleeba and Karina Brennan
2

• Measuring Average Weekly Earnings
• Average weekly ordinary time earnings for
  full-time adults this measures the average
  weekly gross rate pay (I.e. pay before tax)
  received by all full-time adult workers for their
  ordinary working time. This does not include
  payment for any overtime work.
• Average total earnings for full-time adults
  this measures the average weekly gross rate of
  pay received by all full-time adult workers,
  including any payment for overtime work
• Average total earnings for all employees this
  measures the average weekly gross rate of pay to
  all employees, both in full-time and part-time
  employment, including any payment for overtime

3
Occupation Group Average Income
Managers and administrators 1098
Professionals 920
Associate paraprofessionals 765
Advanced clerical, sales and service workers 606
Intermediate production and transport workers 642
Tradespersons 641
Elementary clerical, sales and service workers 523
Labourers and related workers 516
Average 716
4
Comparative Percentile Bands of income by age,
1999 - 00
Age Group 15-24 25-34 25-44 45-54 55-64 65
Mean Weekly Income 406 794 937 1029 725 397
5
Year Male Female Year Male Female
1987-88 471 310 1996-97 682 452
1988-89 506 331 1997-98 708 466
1989-90 542 353 1998-99 725 478
1990-91 574 377 1999-00 744 490
1991-92 590 394 2000-01 777 520
1992-93 605 402
1993-94 522 415
1994-95 645 427
1995-96 664 435
6
Birth place or ethnic background Period 0-4 Of 5-9 Residency 10-14 (years) 15 Average Income
Australia N/a N/a N/a N/a 28,810
Overseas 27,890 27,190 30,140 29,600 29,230
Average 28,890
Overseas background
English speaking 29,050 29,980 32,560 32,120 31,660
Non-English speaking 26,980 25,460 27,830 27,660 27,350
Africa 29,730 26,970 33,610 32,260 30,590
America 34,800 26,940 30,980 32,260 31,780
Asia 28,170 24,460 17,050 29,280 27,590
Europe 27,780 29,140 33,330 29,050 29,290
7
Who wants to be a millionaire?

• Question one What does the main labour outcomes
  involve?
• Wages
• Non-wage benefits
• Employment outcomes
• All of the above

8

• Question two What provides the highest
  percentage of household incomes for Australians?
• Wages and salaries
• Government pensions or allowances
• Private income
• Operating a business

9

• Question three What does the Wage Cost Index
  measure?
• Changes in wage and employee jobs
• Changes in salary costs for employee jobs
• Changes in wage and salary cost for employee jobs
• Changes in the quality and quantity of work
  performed

10

• Question four Which of the following does not
  include payment for overtime work?
• Average weekly ordinary time earnings for
  full-time adults
• Average total earnings for full-time adults
• Average total earnings for all employees
• All of the above

11

• Question five What are real wages?
• A measure of the average weekly gross rate of pay
  that a full-time employee receives, including
  overtime
• A measure of the actual purchasing power of money
  wages
• A measure of change in wage and salary costs for
  employee jobs
• A measure of the average weekly gross rate of pay
  that a full-time employee receives, excluding
  overtime

12

• Question six In the labour market, people are
  generally rewarded for working in which
  occupations?
• Those which require a higher level of skill and a
  longer period of training
• Those which require a higher level of skill and a
  shorter period of training
• Those which require a lower level of skill and a
  longer period of training
• Those which require a lower level of skill and a
  shorter period of training

13

• Question seven What will influence wage rates?
• Occupational mobility
• Geographical labour mobility
• Productivity of labour
• All of the above

14
Question eight In what age bracket does income
tend to be the highest? a) 15 24 b) 25 34 c)
45 54 d) 55 - 64
15

• Question nine What is the major reason that
  women are paid less than men for the same job?
• Men like to feel superior to women and, seeing as
  most employers are men, most women are paid less
• Female labour is under evaluated
• There isnt any females are paid the same as
  males
• Women like to be paid less than men

16

• Question ten Migrants from which area earn most
  income within Australia?
• Asia
• Europe
• Africa
• America