Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154052
Authors: 
Honkkila, Juha
Kavonius, Ilja Kristian
Year of Publication: 
2013
Series/Report no.: 
ECB Working Paper 1619
Abstract: 
The report on the Measurement of Economic Performance and Social Progress by Stiglitz, Sen and Fitoussi concludes that in the measurement of household welfare all material components should be covered, i.e. consumption, income and wealth, from both the micro as well as the macro perspective. Additionally, several other initiatives like the G20 finance ministers’ and central bank governors’ data gap initiative have emphasised to have an integrated micro-macro framework where consumption, income and wealth can be analysed. Current researches linking macro and micro information for the households have focused on income and consumption as these are the areas where most data sources are available. This paper extends the focus to household wealth using both survey data and financial accounts. It builds a link between wealth survey and national accounts’ income concepts. This paper aims to create a first set of macroeconomic accounts that include wealth broken down by household groups.
Subjects: 
balance sheets
financial accounts
households
wealth
wealth survey
JEL: 
D30
D31
E01
E21
Document Type: 
Working Paper

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