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Introducing the THIAs: Total Haig-Simons U.S. Household Income Accounts, 1960–2021

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  • Roth, Steve
  • Bezemer, Dirk

Abstract

This paper introduces the U.S. total (Haig-Simons) household-sector income accounting series, or THIAs. The THIA measures of total income, spending, and saving for the U.S.,1960-2021, respond to the needs of scholars and researchers expressed over many decades, as well as U.N. and OECD statisticians and national-accounts specialists. A prototype distributional breakout of all measures by income quintiles is also included for 2000-2021. The series provide novel insights into trends in income, spending, saving, wealth, wealth accumulation, and wealth concentration. These insights may have important implications for economic modeling, and for tax and transfer policies.

Suggested Citation

  • Roth, Steve & Bezemer, Dirk, 2024. "Introducing the THIAs: Total Haig-Simons U.S. Household Income Accounts, 1960–2021," MPRA Paper 121242, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:121242
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    References listed on IDEAS

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    More about this item

    Keywords

    income; wealth; Haig-Simons; equality; distribution; consumption; saving;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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