The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Thursday, April 8, 2010

Top 1% of income earners account for 10% of total household income

And the top 10% in turn account for 32% of household incomes. These findings come from an updated study produced by a likely future (ALP) parliamentarian, Professor Andrew Leigh of the ANU. Andrew is widely regarded as one of Australia's brightest young economists, and is probably our most creative in the academe under the age of 40. You can see a summary of his results below. Andrew's full post can be read here.