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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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Framework for integrated analysis

This chapter first shows the importance of considering life cycles when analysing data on income, consumption and wealth. It then provides an overview of selected tools that can be used for the integrated analysis of household income, consumption and wealth measures, as well as the use of equivalence scales in each dimension. The chapter then presents examples of the joint analysis of income and wealth data, and of income and consumption data, and then discusses some of the tools that could be used for the multi-dimensional analysis of all dimensions of economic well-being.

English

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