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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Foreword
Much of the recent work on developing metrics to go “beyond GDP” has focused on non-monetary dimensions of people’s well-being, i.e. on their quality of life. However, there are also important limits to the available information needed to adequately measure economic well-being, understood as people’s command over resources or material living conditions. Understanding and improving people’s well-being requires improved evidence in both areas in order to better inform policy makers and citizens alike of where, when and for whom life is getting better or worse. This is particularly important at a time when the most severe and prolonged recession in our life time still imposes a large toll on the lives of many people across the world.
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