The Distributional Financial Accounts of the United States. Batty, M., Bricker, J., Briggs, J., Friedman, S., Nemschoff, D., Nielsen, E., Sommer, K., & Volz, A. H. In Chetty, R., Friedman, J. N., Gornick, J. C., Johnson, B., & Kennickell, A., editors, Measuring Distribution and Mobility of Income and Wealth, pages 641–677, Chicago, October, 2022. University of Chicago Press. Chapter 22![The Distributional Financial Accounts of the United States [link]](https://bibbase.org/img/filetypes/link.svg "link")
Link Dfas 2019 working paper 2020 working paper abstract bibtex 61 downloads This paper describes the construction of the Distributional Financial Accounts (DFA), a dataset containing quarterly estimates of the distribution of US household wealth since 1989. The DFA builds on two existing Federal Reserve Board statistical products— quarterly aggregate measures of household wealth from the Financial Accounts of the United States, and triennial wealth distribution measures from the Survey of Consumer Finances— to incorporate distributional information into a national accounting framework. The DFA complements other sources by generating distributional statistics that are consistent with macro aggregates by providing quarterly data on a timely basis, and by constructing wealth distributions across demographic characteristics. We encourage policymakers, researchers, and other interested parties to use the DFA to better understand issues related to the distribution of US household wealth.
@inproceedings{Battyetal2022,
title = {The {{Distributional Financial Accounts}} of the {{United States}}},
booktitle = {Measuring Distribution and Mobility of Income and Wealth},
author = {Batty, Michael and Bricker, Jesse and Briggs, Joseph and Friedman, Sarah and Nemschoff, Danielle and Nielsen, Eric and Sommer, Kamila and Volz, Alice Henriques},
editor = {Chetty, Raj and Friedman, John N. and Gornick, Janet C. and Johnson, Barry and Kennickell, Arthur},
year = {2022},
month = oct,
pages = {641--677},
publisher = {{University of Chicago Press}},
address = {{Chicago}},
url = {https://www.nber.org/books-and-chapters/measuring-distribution-and-mobility-income-and-wealth/distributional-financial-accounts-united-states},
urldate = {2023-08-08},
abstract = {This paper describes the construction of the Distributional Financial Accounts (DFA), a dataset containing quarterly estimates of the distribution of US household wealth since 1989. The DFA builds on two existing Federal Reserve Board statistical products\textemdash quarterly aggregate measures of household wealth from the Financial Accounts of the United States, and triennial wealth distribution measures from the Survey of Consumer Finances\textemdash to incorporate distributional information into a national accounting framework. The DFA complements other sources by generating distributional statistics that are consistent with macro aggregates by providing quarterly data on a timely basis, and by constructing wealth distributions across demographic characteristics. We encourage policymakers, researchers, and other interested parties to use the DFA to better understand issues related to the distribution of US household wealth.},
keywords = {Methods of Estimation of Wealth Inequality,Trends in Aggregate Wealth and Wealth Inequality},
url_dfas = {https://bibbase.org/network/publication/boardofgovernorsofthefederalreservesystem-dfadistributionalfinancialaccounts-2023},
url_2019_working_paper = {https://bibbase.org/network/publication/batty-bricker-briggs-holmquist-mcintosh-moore-nielsen-reber-etal-introducingthedistributionalfinancialaccountsoftheunitedstates-2019},
url_2020_working_paper = {https://bibbase.org/network/publication/batty-bricker-briggs-friedman-nemschoff-nielsen-sommer-volz-thedistributionalfinancialaccountsoftheunitedstates-2020},
note = {Chapter 22}
}
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