欧洲央行-发展国家分配账户：首次尝试估算欧元区收入和财富的平均分配（英）-2025.pdfVIP

WorkingPaperSeries

NinaBlatnik,IljaKristianKavonius,Developingdistributionalnational

LuísTelesMorais

accounts:firstattempttoestimatea

jointdistributionforincomeandwealth

fortheeuroarea

No3142

Disclaimer:ThispapershouldnotbereportedasrepresentingtheviewsoftheEuropeanCentralBank

(ECB).TheviewsexpressedarethoseoftheauthorsanddonotnecessarilyreflectthoseoftheECB.

Abstract

Inrecentyears,projectshavesoughttoembeddistributionalaspectswithinnationalaccounts,with

householddistributionalinformationsettofeatureinthenextSystemofNationalAccounts.Thereis

growingemphasisoncapturingallmaterialdimensionsofwelfare—income,consumption,and

wealth—atbothmacroandmicrolevelswithinaunifiedframework.Thispaperdevelopsdistributional

multidimensionalaccountsforincomeandwealth,buildingontheDistributionalWealthAccounts

(DWA),anexperimentalquarterlydatasetfirstreleasedinJanuary2024bytheEuropeanSystemof

CentralBanks.TheDWAintegratestheHouseholdFinanceandConsumptionSurvey(HFCS)with

macrostatisticsonhouseholdfinancialandnon-financialbalancesheets.WeusetheHFCS’smicro

populationtoestimateconsistentjointincometransactionsforthesehouseholds,enablinganalysisof

thejointdistributionofincomeandwealth,includingwealthbyincomedecile.Thisisthefirstmulti-

countryapproachtocovercompleteincomeaccountstodisposableincomeandfullbalancesheetsona

sharedhouseholdsample.

JEL-codes:D30,D31,E01andE21

Keywords:incomedistribution,nationalaccounts,distributionalnationalacc