Distributional Wealth Accounts: methods and preliminary evidence

Andrea Neri, Matteo Spuri () and Francesco Vercelli ()
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Matteo Spuri: Bank of Italy
Francesco Vercelli: Bank of Italy

No 836, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: This paper presents the new quarterly experimental statistics on the Distributional Wealth Accounts (DWA) for the household sector, in line with national accounts aggregates. The Bank of Italy, together with the ECB, has coordinated the development of the methodology used for all the euro-area countries and compiles the DWA for Italy, exploiting survey data, balance sheets, information from administrative sources and banks' statistical reports. This paper analyses the methodology, based on assumptions widely used in the scientific literature. It also provides preliminary national evidence and an international comparison. The portfolio composition is heterogeneous across Italian households: the poorest ones mainly hold dwellings and deposits, while the richest ones diversify more. The wealthiest 5 per cent owns around 46 per cent of total net wealth. The main inequality indicators remained practically stable between 2017 and 2022, after the increase observed from 2010 to 2016. The concentration of wealth in Italy is lower than the euro-area average.

Keywords: micro-macro linkage; wealth distribution (search for similar items in EconPapers)
JEL-codes: D14 D31 G51 (search for similar items in EconPapers)
Date: 2024-03
New Economics Papers: this item is included in nep-eec and nep-eur
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