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The Integration Of Macro And Micro Data For The Household Sector1

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  • Richard Ruggles
  • Nancy D. Ruggles

Abstract

National accounts in their present form do not serve very well as a framework for microdata, largely because of differing concepts and coverage in the macro and micro data. This article identifies the differences in sectoring and the handling of imputations and attributions between macro and micro data, and then proposes a form of presentation of the macro accounts that will facilitate their integration. Data for the United States in 1980 are used as an illustrative example. The final section explores the consequences of the proposed alterations in the macro accounts for the analysis of saving and investment and the accumulation and distribution of wealth, using U.S. data for the period since 1947. The article concludes that the proposed alterations do lead to new analytical insights, and further, that in their present form the national accounts are both misleading and inadequate.

Suggested Citation

  • Richard Ruggles & Nancy D. Ruggles, 1986. "The Integration Of Macro And Micro Data For The Household Sector1," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 32(3), pages 245-276, September.
    • Handle: RePEc:bla:revinw:v:32:y:1986:i:3:p:245-276
    DOI: 10.1111/j.1475-4991.1986.tb00539.x
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    Cited by:

    1. Arjan Bruil, 2023. "Distributional national accounts for the Netherlands and a comparison with 12 other countries," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 69(4), pages 886-906, December.

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