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OECD Guidelines for Micro Statistics on Household Wealth

image of OECD Guidelines for Micro Statistics on Household Wealth

This publication presents an internationally agreed set of guidelines for producing micro statistics on household wealth, It addresses the common conceptual, definitional and practical problems that countries face in producing such statistics, and are meant to improve the comparability of the currently available country data. The Guidelines, prepared by an international expert group working under the auspices of the OECD,  propose a set of standard concepts, definitions and classifications for micro wealth statistics, and cover different phases in the statistical production process, including sources and methods for measuring particular forms of wealth, best practice in using household surveys or other sources to compile wealth statistics, the development of analytic measures, the dissemination of data, and data quality assurance.

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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.

English

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