Developing reconciled quarterly distributional national wealth: Insight into inequality and wealth structures

التفاصيل البيبلوغرافية
العنوان: Developing reconciled quarterly distributional national wealth: Insight into inequality and wealth structures
المؤلفون: Engel, Janina, Riera, Pau Gayà, Grilli, Joseph, Sola, Pierre
بيانات النشر: European Central Bank (ECB)
سنة النشر: 2022
المجموعة: EconStor (German National Library of Economics, ZBW)
مصطلحات موضوعية: ddc:330, C46, D31, E27, G51, N34, Wealth inequality, HFCS, National Accounts, Pareto distribution
الوصف: Distributional accounts for households enable measurement, study developments and identify drivers of inequality. Distributional information on households' wealth is available from the Household Finance and Consumption Survey only for three points in time (2009 - 2018), while aggregates are available quarterly. This paper presents a novel methodology for deriving quarterly distributional national wealth by (i) improving the alignment of survey fieldwork periods with the national accounts' dates; (ii) correcting for differences in several concepts; (iii) estimating missing wealthy households; (iv) developing time series; and (v) computing euro area aggregates. This paper finds an increase in the net wealth Gini of most euro area countries since 2009; that the richest 1% holds 28% of total net wealth, while the bottom 50% holds 4%; and that the net wealth of the top 1% has grown by almost 50%, compared to 28% for the remaining 99%, with a decrease in the bottom 20%.
نوع الوثيقة: report
اللغة: English
ردمك: 978-92-899-5271-2
92-899-5271-7
العلاقة: Series: ECB Working Paper; No. 2687; urn:isbn:978-92-899-5271-2; gbv-ppn:1811722016; http://hdl.handle.net/10419/269094Test; RePEc:ecb:ecbwps:20222687
DOI: 10.2866/412495
الإتاحة: https://doi.org/10.2866/412495Test
http://hdl.handle.net/10419/269094Test
حقوق: http://www.econstor.eu/dspace/NutzungsbedingungenTest
رقم الانضمام: edsbas.1FF4D567
قاعدة البيانات: BASE
الوصف
ردمك:9789289952712
9289952717
DOI:10.2866/412495