Introducing the Distributional Financial Accounts of the United States. Batty, M., Bricker, J., Briggs, J., Holmquist, E., McIntosh, S., Moore, K., Nielsen, E., Reber, S., Shatto, M., Sommer, K., Sweeney, T., & Volz, A. H. Technical Report 2019-017, Board of Governors of the Federal Reserve System, March, 2019.
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Published version doi abstract bibtex 50 downloads This paper describes the construction of the Distributional Financial Accounts (DFAs), a new dataset containing quarterly estimates of the distribution of U.S. household wealth since 1989, and provides the first look at the resulting data. The DFAs build 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 DFAs complement other existing sources of data on the wealth distribution by using a more comprehensive measure of household wealth and by providing quarterly data on a timely basis. We encourage policymakers, researchers, and other interested parties to use the DFAs to help understand issues related to the distribution of U.S. household wealth.
@techreport{Battyetal2019,
type = {Finance and {{Economics Discussion Series}}},
title = {Introducing the {{Distributional Financial Accounts}} of the {{United States}}},
author = {Batty, Michael and Bricker, Jesse and Briggs, Joseph and Holmquist, Elizabeth and McIntosh, Susan and Moore, Kevin and Nielsen, Eric and Reber, Sarah and Shatto, Molly and Sommer, Kamila and Sweeney, Tom and Volz, Alice Henriques},
year = {2019},
month = mar,
number = {2019-017},
institution = {Board of Governors of the Federal Reserve System},
doi = {10.17016/feds.2019.017},
url = {https://doi.org/10.17016/feds.2019.017},
abstract = {This paper describes the construction of the Distributional Financial Accounts (DFAs), a new dataset containing quarterly estimates of the distribution of U.S. household wealth since 1989, and provides the first look at the resulting data. The DFAs build 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 DFAs complement other existing sources of data on the wealth distribution by using a more comprehensive measure of household wealth and by providing quarterly data on a timely basis. We encourage policymakers, researchers, and other interested parties to use the DFAs to help understand issues related to the distribution of U.S. household wealth.},
keywords = {Methods of Estimation of Wealth Inequality,Trends in Aggregate Wealth and Wealth Inequality},
url_file = {Battyetal2019.pdf},
url_dfas = {https://bibbase.org/network/publication/boardofgovernorsofthefederalreservesystem-dfadistributionalfinancialaccounts-2023},
url_2020_working_paper = {https://bibbase.org/network/publication/batty-bricker-briggs-friedman-nemschoff-nielsen-sommer-volz-thedistributionalfinancialaccountsoftheunitedstates-2020},
url_published_version = {https://bibbase.org/network/publication/batty-bricker-briggs-friedman-nemschoff-nielsen-sommer-volz-thedistributionalfinancialaccountsoftheunitedstates-2022}
}
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