Deflation of Distributional National Accounts

Martin Weale () and Andrew Aitken

Economic Statistics Centre of Excellence (ESCoE) Discussion Papers from Economic Statistics Centre of Excellence (ESCoE)

Abstract: In this note we discuss suitable deflators for distributional national accounts. Measures such as the top 10 per cent income share, or the 90/10 income ratio do not require deflation. Other measures such as the income or income growth of particular percentiles of the income distribution do require deflation. We argue that democratic deflators are generally more appropriate than plutocratic deflators, and the ONS now produces democratic price indices for equivalised income quintiles and deciles, in addition to the aggregate democratic CPIH.

Keywords: deflation; distributional national accounts (search for similar items in EconPapers)
JEL-codes: D30 D63 E21 I30 (search for similar items in EconPapers)
Date: 2021-01
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