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July 11, 2026Review of Income and Wealth0 citationsOpen Access

First Attempt to Estimate a Joint Distribution for Income and Wealth Within the Distributional National Accounts Framework

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NBNina BlatnikIKIlja Kristian KavoniusLMLuís Teles Morais

Key Points

  • The article aims to create multidimensional accounts that encompass distributional aspects of income and wealth.
  • Utilized the experimental Distributional Wealth Accounts data from the European System of the Central Banks.
  • Integrated data from the Household Finance and Consumption Survey with macroeconomic household balance sheet statistics.
  • Estimated joint income transactions using a consistent micro population framework.
  • Developed a methodology to analyze joint distribution of income and wealth.
  • Provided insights on wealth distribution across income deciles.
  • Enhanced understanding of household financial conditions within national accounts.

Abstract

ABSTRACT Over recent years, there have been several projects to include distributional aspects in the national accounts' framework. Household distributional information will also be covered in the 2025 SNA. Additionally, increasing emphasis has been placed on covering all material aspects of welfare at the macro as well as micro level in the same macro and micro framework: income, consumption, and wealth. The purpose of this article is to create distributional multidimensional accounts covering income and wealth. The starting point is the Distributional Wealth Accounts, an experimental quarterly dataset which was published for the first time in January 2024 by the European System of the Central Banks. The Distributional Wealth Accounts integrates the Household Finance and Consumption Survey with macroeconomic statistics on household financial and non‐financial balance sheets. The principal idea is to use the Household Finance and Consumption Survey, and by the same token its same micro population, to estimate consistent joint income transactions for these households. This approach allows us to analyze joint income and wealth distribution as well as, for instance, wealth distribution by income decile.

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Cite This Study

Blatnik et al. (2026) studied this question.

synapsesocial.com/papers/6a51e0f5c18d7f28ca500ff0https://doi.org/10.1111/roiw.70075
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