OECD Framework for Statistics on the Distribution of Household Income, Consumption and Wealth
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OECD Framework for Statistics on the Distribution of Household Income, Consumption and Wealth

This publication presents an internationally agreed framework to support the joint analysis of micro-level statistics on household income, consumption and wealth. Its aim is to extend the existing international frameworks for measuring household income and consumption at the micro level to include wealth, and describes income, consumption and wealth as three separate but interrelated dimensions of people’s economic well-being. The framework, prepared by an international expert group working under the auspices of the OECD, is intended to assist national statistical offices and other data producers to develop data sets at the household level that are suitable for integrated analysis, and for facilitating comparisons between countries. The Framework is widely applicable, with relevance to countries that are at different stages of statistical development, that have different statistical infrastructures, and that operate in different economic and social environments.

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An explanation of social assistance, pension schemes, insurance schemes and similar concepts You or your institution have access to this content

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OECD

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There are overlaps and interrelationships between the terms social benefits, social assistance, social security, social insurance, pension schemes, annuities, life insurance, non-life insurance, accident insurance, term insurance and the like. The terms are not necessarily self-explanatory and are not always used consistently, especially when comparisons are made between countries with different institutional structures. The concepts underlying the terms are integral to some of the basic tools used by governments to assist those experiencing or likely to experience economic disadvantage, and by households to minimise their economic risks. It is essential to understand the concepts and employ a consistent terminology to describe them when undertaking micro analysis.

 
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