Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/269094 
Year of Publication: 
2022
Series/Report no.: 
ECB Working Paper No. 2687
Publisher: 
European Central Bank (ECB), Frankfurt a. M.
Abstract: 
Distributional accounts for households enable measurement, study developments and identify drivers of inequality. Distributional information on households' wealth is available from the Household Finance and Consumption Survey only for three points in time (2009 - 2018), while aggregates are available quarterly. This paper presents a novel methodology for deriving quarterly distributional national wealth by (i) improving the alignment of survey fieldwork periods with the national accounts' dates; (ii) correcting for differences in several concepts; (iii) estimating missing wealthy households; (iv) developing time series; and (v) computing euro area aggregates. This paper finds an increase in the net wealth Gini of most euro area countries since 2009; that the richest 1% holds 28% of total net wealth, while the bottom 50% holds 4%; and that the net wealth of the top 1% has grown by almost 50%, compared to 28% for the remaining 99%, with a decrease in the bottom 20%.
Subjects: 
Wealth inequality
HFCS
National Accounts
Pareto distribution
JEL: 
C46
D31
E27
G51
N34
Persistent Identifier of the first edition: 
ISBN: 
978-92-899-5271-2
Document Type: 
Working Paper

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