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Micro and macro analysis on household income, wealth and saving in the euro area

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  • Kavonius, Ilja Kristian
  • Honkkila, Juha

Abstract

The report on the Measurement of Economic Performance and Social Progress by Stiglitz, Sen and Fitoussi concludes that in the measurement of household welfare all material components should be covered, i.e. consumption, income and wealth, from both the micro as well as the macro perspective. Additionally, several other initiatives like the G20 finance ministers JEL Classification: D30, D31, E01, E21

Suggested Citation

  • Kavonius, Ilja Kristian & Honkkila, Juha, 2013. "Micro and macro analysis on household income, wealth and saving in the euro area," Working Paper Series 1619, European Central Bank.
    • Handle: RePEc:ecb:ecbwps:20131619
    Note: 374170
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    File URL: https://www.ecb.europa.eu//pub/pdf/scpwps/ecbwp1619.pdf
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    References listed on IDEAS

    as
    1. Castrén, Olli & Kavonius, Ilja Kristian, 2009. "Balance Sheet Interlinkages and Macro-Financial Risk Analysis in the Euro Area," Working Paper Series 1124, European Central Bank.
    2. Juster, F. Thomas & Smith, James P. & Stafford, Frank, 1999. "The measurement and structure of household wealth," Labour Economics, Elsevier, vol. 6(2), pages 253-275, June.
    3. Lynn, Peter & Peter, Martin, 2011. "The effects of mixed mode survey designs on simple and complex analyses," ISER Working Paper Series 2011-28, Institute for Social and Economic Research.
    4. Pirmin Fessler & Kasy, Maximilian & Peter Lindner, 2012. "Survey mode effects on income inequality measurement," Working Paper 48766, Harvard University OpenScholar.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Ampudia, Miguel & Pavlickova, Akmaral & Slacalek, Jiri & Vogel, Edgar, 2016. "Household heterogeneity in the euro area since the onset of the Great Recession," Journal of Policy Modeling, Elsevier, vol. 38(1), pages 181-197.
    2. Felipe Martínez & Francisca Uribe, 2017. "Distribución de Riqueza no Previsional de los Hogares Chilenos," Working Papers Central Bank of Chile 806, Central Bank of Chile.
    3. Adam, Klaus & Tzamourani, Panagiota, 2016. "Distributional consequences of asset price inflation in the Euro Area," European Economic Review, Elsevier, vol. 89(C), pages 172-192.
    4. Klaus Adam & Junyi Zhu, 2016. "Price-Level Changes And The Redistribution Of Nominal Wealth Across The Euro Area," Journal of the European Economic Association, European Economic Association, vol. 14(4), pages 871-906, August.
    5. Gabe Jacob de Bondt & Arne Gieseck & Zivile Zekaite, 2020. "Thick modelling income and wealth effects: a forecast application to euro area private consumption," Empirical Economics, Springer, vol. 58(1), pages 257-286, January.
    6. Juha Honkkila & Ilja Kristian Kavonius, 2016. "Deriving household indebtedness indicators by linking micro and macro balance sheet data," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Combining micro and macro data for financial stability analysis, volume 41, Bank for International Settlements.
    7. de Bondt, Gabe & Gieseck, Arne & Zekaite, Zivile & Herrero, Pablo, 2019. "Disaggregate income and wealth effects in the largest euro area countries," Working Paper Series 2343, European Central Bank.
    8. Kontbay-Busun, Sine & Peichl, Andreas, 2014. "Multidimensional affluence in income and wealth in the eurozone: A cross country comparison using the HFCS," ZEW Discussion Papers 14-124, ZEW - Leibniz Centre for European Economic Research.
    9. Ahnert, Henning & Kavonius, Ilja Kristian & Honkkila, Juha & Sola, Pierre, 2020. "Understanding household wealth: linking macro and micro data to produce distributional financial accounts," Statistics Paper Series 37, European Central Bank.
    10. Sofie R. Waltl, 2022. "Wealth Inequality: A Hybrid Approach Toward Multidimensional Distributional National Accounts In Europe," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 68(1), pages 74-108, March.
    11. Stefan Humer & Mathias Moser & Matthias Schnetzer, 2017. "Inheritances and the Accumulation of Wealth in the Eurozone," ICAE Working Papers 73, Johannes Kepler University, Institute for Comprehensive Analysis of the Economy.
    12. Tiefensee, Anita & Grabka, Markus M., 2016. "Comparing Wealth - Data Quality of the HFCS," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 10(2), pages 119-142.
    13. Anna Boldizsár & Zsuzsa Kékesi & Balázs Kóczián & Balázs Sisak, 2016. "The Wealth Position of Hungarian Households based on HFCS," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 15(4), pages 115-150.

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    More about this item

    Keywords

    balance sheets; financial accounts; households; wealth; wealth survey;
    All these keywords.

    JEL classification:

    • D30 - Microeconomics - - Distribution - - - General
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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