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

image of 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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Comparison of micro and macro frameworks

The main framework developed for analysis of income at the macro level is the System of National Accounts (SNA). explained that the micro and macro frameworks used to compile household income, consumption and wealth statistics have the same broad underlying concepts, but that there are differences reflecting the different purposes of the two types of data and the data sources used to compile them. B.1 provides a detailed element by element comparison of the definitions embodied in this Framework and those of the SNA.

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