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The financial accounts of the household sector within the system of national accounts report the aggregate asset holdings and liabilities of all households within a country. In principle, when household wealth surveys are explicitly designed to be representative of all households, aggregating...
Persistent link: https://www.econbiz.de/10011921042
This paper estimates the distribution of personal wealth in South Africa by combining tax microdata, household surveys, and macroeconomic balance sheet statistics. We systematically compare estimates of the wealth distribution obtained by direct measurement of net worth, rescaling of reported...
Persistent link: https://www.econbiz.de/10012198851
How much wealth has accumulated in the region and how is it distributed across households? Despite being widely recognized for its extreme income inequality, reliable data on wealth is scarce, partial and oftentimes contradictory, making it difficult to an swer these ba sic qu estions. In this...
Persistent link: https://www.econbiz.de/10014536253
The Household Finance and Consumption Survey (HFCS) provides valuable information for the monetary policy and financial … stability purposes. The dataset shows, however, inconsistencies with National Account (NtlA) statistics, as the aggregated HFCS … wealth discrepancies across the households. Finally, based on the German HFCS, we compare the findings with another approach …
Persistent link: https://www.econbiz.de/10014482886
The financial accounts of the household sector within the system of national accounts report the aggregate asset holdings and liabilities of all households within a country. In principle, when household wealth surveys are explicitly designed to be representative of all households, aggregating...
Persistent link: https://www.econbiz.de/10013315397
Household budget surveys in sub-Saharan Africa are designed to facilitate poverty measurement and may fail to fully capture consumption in wealthy households. As a result, inequality is likely underestimated. We address upper tier consumption underreporting by aligning consumption derived from...
Persistent link: https://www.econbiz.de/10011672550
There has been much recent research on the world distribution of income, but also growing recognition of the importance of other contributions to well-being, including those of household wealth. Wealth is important in providing security and opportunity, particularly in poorer countries that lack...
Persistent link: https://www.econbiz.de/10009011700
It is clear that how well off people are, is not only a matter of income, but also a matter of wealth, in both absolute and relative terms. Using an almost non-observed data approach, Davies et al. (2006) estimated the household wealth and its distribution for a basket of countries for the year...
Persistent link: https://www.econbiz.de/10013089906
Our purpose is to analyze the degree of concentration of household wealth in Mexico during a period of intense economic reforms. Unlike the imputation method proposed by Davies et al. (2006 and 2010), we propose an observed data approach based on micro data. The use of physical units constitutes...
Persistent link: https://www.econbiz.de/10013048435
German history over the past 125 years has been turbulent. Marked by two world wars, revolutions and major regime changes, as well as a hyperinflation and three currency reforms, expropriations and territorial divisions, it provides unique insights into the role of country-specific shocks in...
Persistent link: https://www.econbiz.de/10013194250