Comparability is hampered by differences in local practice, including whether psychiatrically ill offenders are under the authority of the prison administration. In recent decades, Australia has become an internationally competitive, advanced market economy due in large part to economic reforms adopted in the 1980s and its location in one of the fastest growing regions of the world economy. CIA World Factbook. While Gen Y households on average earn more per annum than the older Boomers aged 55-64 who are rapidly easing out of their full-time working roles, these Boomers managed income increases almost three times that of the younger generation over this period ($14,040). This field is for validation purposes and should be left unchanged. This index measures the degree of inequality in the distribution of family income in a country. This figure combines government, personal, and employer spending on health care It depends on both the level of fertility and the age structure of the population. The more nearly equal a country's income distribution, the closer its Lorenz curve to the 45 degree line and the lower its Gini index, e.g., a Scandinavian country with an index of 25.

37% more than France $2,761.99 Ranked 25th. The RBA has released a snapshot of key economic data for the Australian economy #ausecon – https://t.co/PjSp82SQnG pic.twitter.com/zGt6ARdc9L. Australia is the driest inhabited continent on earth, making it particularly vulnerable to the challenges of climate change. CIA World Factbook, 144 in every 100,000 people are currently imprisoned in Australia compared to 100 in France, This entry contains the number of people in penal institutions, including pre-trial detainees. CIA World Factbook, 1.10 in every 100,000 people are murdered annually in Australia compared to 1.20 in France, This entry contains the number of victims of an unlawful death purposefully inflicted on a person by another person.

The number of deaths of infants under one year old in a given year per 1,000 live births in Australia is 4.43 while in France it is 3.31. Australia’s top income tax rate is higher than many countries, and the global average.

While Generation Y aged 25 to 34 are income rich, earning in gross household terms $113,152 per annum, their net worth is modest, at $268,800.

The alternative may be moving to a country with lower income taxes. In Australia it is 30.30 while in France it is 30.60. The index is the ratio of (a) the area between a country's Lorenz curve and the 45 degree helping line to (b) the entire triangular area under the 45 degree line. While Gen Y have a household net worth of $268,800, it is less than half that of the Gen Xers who are just a decade older. CIA World Factbook. It says New Zealand’s top income tax rate is 33 per cent, in the US it’s 39.6 per cent, India’s is 35 per cent, Hong Kong 15 per cent, Singapore 22 per cent and Russia 13 per cent. Personal income tax rates. It can also be thought of as indicating the potential return on investment in human capital and is necessary for the calculation of various actuarial measures.

If income were distributed with perfect equality, the Lorenz curve would coincide with the 45 degree line and the index would be zero; if income were distributed with perfect inequality, the Lorenz curve would coincide with the horizontal axis and the right vertical axis and the index would be 100.

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