Work on this project was funded by an Australian Research Council Discovery Project (DP200100496). This paper uses unit record data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey. The HILDA Project was initiated and is funded by the Australian Government Department of Social Services (DSS) and is managed by the Melbourne Institute of Applied Economic and Social Research (Melbourne Institute). The findings and views reported in this paper, however, are those of the author and should not be attributed to either DSS or the Melbourne Institute. Further details regarding the HILDA survey can be found at https://melbourneinstitute.unimelb.edu.au/hilda. The authors would like to acknowledge Professor Robert Breunig for the use and adaptation of his Stata do-files in the course of organising and cleaning data for use in this study.