Developing distributional national accounts: first attempt to estimate a joint distribution for income and wealth for the euro area

Nina Blatnik, Ilja Kristian Kavonius and Luís Teles Morais

No 3142, Working Paper Series from European Central Bank

Abstract: In recent years, projects have sought to embed distributional aspects within national accounts, with household distributional information set to feature in the next System of National Accounts. There is growing emphasis on capturing all material dimensions of welfare—income, consumption, and wealth—at both macro and micro levels within a unified framework. This paper develops distributional multidimensional accounts for income and wealth, building on the Distributional Wealth Accounts (DWA), an experimental quarterly dataset first released in January 2024 by the European System of Central Banks. The DWA integrates the Household Finance and Consumption Survey (HFCS) with macro statistics on household financial and non-financial balance sheets. We use the HFCS’s micro population to estimate consistent joint income transactions for these households, enabling analysis of the joint distribution of income and wealth, including wealth by income decile. This is the first multi-country approach to cover complete income accounts to disposable income and full balance sheets on a shared household sample. JEL Classification: D30, D31, E01, E21

Keywords: distributional national accounts; households; income; income distribution; national accounts (search for similar items in EconPapers)
Date: 2025-11
New Economics Papers: this item is included in nep-eec
Note: 374170
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.ecb.europa.eu//pub/pdf/scpwps/ecb.wp3142~33987afbdc.en.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:20253142

Access Statistics for this paper

More papers in Working Paper Series from European Central Bank 60640 Frankfurt am Main, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Official Publications ().