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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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Luxembourg Wealth Study – A case for increased ex ante comparability of data sources

This Annex describes the Luxembourg Wealth Study (LWS) Database in terms of experience in the process of ex post harmonisation. It presents the basic concepts and general principles applied by the LWS on household wealth, and it specifies the key definitions, standard components and standard classifications for wealth components. It also gives brief descriptions of the definitions of supplemental variables available in the LWS database, namely household income and consumption, labour market information and behavioural attitudes toward finance. It highlights the need for internationally agreed definitions of various household wealth components.

English

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