Introducing the Distributional Financial Accounts of the United States

Michael M. Batty, Jesse Bricker, Joseph Briggs (), Alice Henriques Volz, Elizabeth Ball Holmquist, Susan Hume McIntosh, Kevin B. Moore, Eric Nielsen, Sarah Reber, Molly Shatto, Kamila Sommer and Tom Sweeney
Additional contact information
Michael M. Batty: https://www.federalreserve.gov/econres/michael-m-batty.htm
Jesse Bricker: https://www.federalreserve.gov/econres/jesse-bricker.htm
Alice Henriques Volz: https://www.federalreserve.gov/econres/alice-henriques-volz.htm
Kevin B. Moore: https://www.federalreserve.gov/econres/kevin-b-moore.htm
Kamila Sommer: https://www.federalreserve.gov/econres/kamila-sommer.htm

No 2019-017, Finance and Economics Discussion Series from Board of Governors of the Federal Reserve System (U.S.)

Abstract: This paper describes the construction of the Distributional Financial Accounts (DFAs), a new dataset containing quarterly estimates of the distribution of U.S. household wealth since 1989, and provides the first look at the resulting data. The DFAs build on two existing Federal Reserve Board statistical products --- quarterly aggregate measures of household wealth from the Financial Accounts of the United States and triennial wealth distribution measures from the Survey of Consumer Finances --- to incorporate distributional information into a national accounting framework. The DFAs complement other existing sources of data on the wealth distribution by using a more comprehensive measure of household wealth and by providing quarterly data on a timely basis. We encourage policymakers, researchers, and other interested parties to use the DFAs to help understand issues related to the distribution of U.S. household wealth.

Keywords: Economic data; Economic measurement; Household economics; Inequality; National accounts; Wealth distribution; Wealth dynamics (search for similar items in EconPapers)
JEL-codes: E01 H31 H5 N3 (search for similar items in EconPapers)
Pages: 58 pages
Date: 2019-03-22
New Economics Papers: this item is included in nep-acc, nep-his, nep-mac and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

Downloads: (external link)
https://www.federalreserve.gov/econres/feds/files/2019017pap.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:fip:fedgfe:2019-17

DOI: 10.17016/FEDS.2019.017

Access Statistics for this paper

More papers in Finance and Economics Discussion Series from Board of Governors of the Federal Reserve System (U.S.) Contact information at EDIRC.
Bibliographic data for series maintained by Ryan Wolfslayer ; Keisha Fournillier ().