NO.016

Australian Disposable Incomes Best in the World –OECD

An international comparison of disposable incomes has shown a stunning improvement

since the election of the Coalition in 1996.

The current OECD assessment is that out of the eight different scenarios that

they test for after-tax income and benefits, from low paid to high paid, from

single to married, with children and without, Australian workers are ranked

either first or second (see attached table).

That is, out of the thirty richest countries of the industrialised world,

Australians have either the highest or second highest disposable incomes in

every category. No other country performs as well.

The reason for this is threefold. Firstly, our strong economy has produced

strong growth in incomes. Secondly, Australians have benefited from lower income

taxes and increasing family benefits. And thirdly, unlike a large number of

the other countries, careful management has kept Australia out of recession.

CANBERRA

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