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Simplified Distributional National Accounts

Author

Listed:
  • Thomas Piketty

    (PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, PJSE - Paris Jourdan Sciences Economiques - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique, WIL - World Inequality Lab)

  • Emmanuel Saez

    (UC Berkeley - University of California [Berkeley] - UC - University of California)

  • Gabriel Zucman

    (UC Berkeley - University of California [Berkeley] - UC - University of California)

Abstract

Piketty, Saez, and Zucman (2018) (hereafter PSZ) propose a method to distribute total national income across individual adults in the United States. The method has recently been applied to a number of countries as reviewed in the World Inequality Report 2018 (Alvaredo et al. 2018). The key advantage relative to earlier work using fiscal income such as Piketty and Saez (2003) or survey data is that the national income concept is comprehensive, homogeneous over time, and comparable across countries. In particular, distributional national income statistics can be used to study both growth and inequality in a consistent framework that aggregates cleanly to national income from national accounts. In contrast, fiscal income or survey income aggregates display growth levels that are quite different from national income growth both in the short-term year-to-year fluctuations and in the long-term growth rates averaged over decades (see PSZ for a detailed discussion).

Suggested Citation

  • Thomas Piketty & Emmanuel Saez & Gabriel Zucman, 2019. "Simplified Distributional National Accounts," Working Papers hal-02877005, HAL.
  • Handle: RePEc:hal:wpaper:hal-02877005
    Note: View the original document on HAL open archive server: https://pjse.hal.science/hal-02877005
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    References listed on IDEAS

    as
    1. Facundo Alvaredo & Anthony Atkinson & Lucas Chancel & Thomas Piketty & Emmanuel Saez & Gabriel Zucman, 2016. "Distributional National Accounts (DINA) Guidelines : Concepts and Methods used in WID.world," World Inequality Lab Working Papers halshs-02794308, HAL.
    2. Anthony B. Atkinson & Thomas Piketty & Emmanuel Saez, 2011. "Top Incomes in the Long Run of History," Journal of Economic Literature, American Economic Association, vol. 49(1), pages 3-71, March.
    3. Thomas Piketty & Emmanuel Saez & Gabriel Zucman, 2018. "Distributional National Accounts: Methods and Estimates for the United States," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(2), pages 553-609.
    4. Thomas Piketty & Emmanuel Saez, 2003. "Income Inequality in the United States, 1913–1998," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(1), pages 1-41.
    5. Facundo Alvaredo & Thomas Piketty & Emmanuel Saez & Lucas Chancel & Gabriel Zucman, 2018. "World Inequality Report 2018," PSE-Ecole d'économie de Paris (Postprint) halshs-01885458, HAL.
    6. Emmanuel Saez & Gabriel Zucman, 2016. "Editor's Choice Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(2), pages 519-578.
    7. Congressional Budget Office, 2018. "The Distribution of Household Income, 2015," Reports 54646, Congressional Budget Office.
    8. Congressional Budget Office, 2018. "The Distribution of Household Income, 2014," Reports 53597, Congressional Budget Office.
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    Citations

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    Cited by:

    1. Advani, Arun, 2021. "The taxation of capital gains : principles, practice, and directions for reform," The Warwick Economics Research Paper Series (TWERPS) 1379, University of Warwick, Department of Economics.
    2. Süssmuth, Bernd & Wieschemeyer, Matthias, 2022. "Taxation and the distributional impact of inflation: The U.S. post-war experience," Economic Modelling, Elsevier, vol. 111(C).
    3. Stefan Jestl & Emanuel List, 2023. "Inequality, Redistribution, and the Financial Crisis: Evidence from Distributional National Accounts for Austria," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 69(1), pages 195-227, March.
    4. Dennis Fixler & Marina Gindelsky & David Johnson, 2020. "Measuring Inequality in the National Accounts," BEA Working Papers 0175, Bureau of Economic Analysis.
    5. Mathias Silva, 2023. "Parametric estimation of income distributions using grouped data: an Approximate Bayesian Computation approach [Working Papers / Documents de travail]," Working Papers hal-04066544, HAL.
    6. Jonathan Rothwell, 2019. "The Political Economy of Inequality in Rich Democracies," LIS Working papers 772, LIS Cross-National Data Center in Luxembourg.
    7. Das, Satya P. & Sant’Anna, Vinicios P., 2023. "Determinants of bilateral trade in manufacturing and services: A unified approach," Economic Modelling, Elsevier, vol. 123(C).
    8. Christian Awuku-Budu & Dirk van Duym, 2022. "Developing Statistics on the Distribution of State Personal Income: Methodology and Preliminary Results," BEA Working Papers 0197, Bureau of Economic Analysis.
    9. Emmanuel Saez & Gabriel Zucman, 2020. "Trends in US Income and Wealth Inequality: Revising After the Revisionists," Working Papers halshs-03022102, HAL.
    10. Julio López Laborda & Carmen Marín González & Jorge Onrubia, 2020. "Observatorio sobre el reparto de los impuestos y las prestaciones entre los hogares españoles. Quinto informe – Sanidad y educación, 2013 - 2017," Studies on the Spanish Economy eee2020-28, FEDEA.

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    More about this item

    Keywords

    Simplified Distributional National Accounts; DINA; Distribution; National income; United States World Inequality Lab;
    All these keywords.

    JEL classification:

    • 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

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