Income Inequality New Zealand

Open access high quality wealth and income inequality data developed by an international academic consortium.

Income inequality new zealand. New zealand s growth in inequality is relatively flat compared to the us however where the share of income going to the top 1 percent has risen from about 12 percent in 1985 to more than 20. Tax cuts gave big breaks to higher income earners welfare benefit cuts of up to 20 reduced incomes for new zealand s poorest changes to employment law weakened the bargaining power of low paid workers so they found it harder to win pay increases rising unemployment means fewer people earning wages. New zealand the source for global inequality data. This ratio shows the difference between high household incomes those in the 80th percentile and low household incomes those in the 20th percentile.

The gini coefficient a standard measure of income inequality that ranges from zero everyone has identical incomes to 1 all incomes goes to only one person rose by 4 in new zealland along with 16 of the 22 oecd countries from mid 1990 to the late 2000 s from the average of 0 29 from 0 27 to 0 34 for new zealand 1 this means that. Two kiwi billionaires have a combined wealth greater than the bottom 30 per cent of the adult population of new zealand according to.