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Towards a System of Distributional National Accounts

Project description

Distributional national accounts of income and wealth for all countries

Income and wealth inequality is on the rise, attracting the interest of academics, policymakers and business communities. However, economic inequality measurements are limited by a gap and lack of consistency between national accounts aggregates and distributional data from micro sources. The EU-funded DINA project will establish a renewed method of measurement of economic inequality that is based on annual estimates of the distribution of income and wealth consistent with macroeconomic national accounts. The project will include the production of synthetic micro-files that offer information related to individual-level data such as age, gender, family composition, income and wealth, envisaging a common system of distributional national accounts (DINA).

Objective

A renovated approach to the measurement of economic inequality consistent with macro aggregates should rebuild the bridges between distributional data available from micro sources and national accounts aggregates in a systematic way. This is the main goal pursued through DINA-Distributional National Accounts. The aim is to provide annual estimates of the distribution of income and wealth using concepts that are consistent with the macroeconomic national accounts. In this way, the analysis of growth and inequality can be carried over in a coherent framework. This endeavour also involves the production of synthetic micro-files (i.e. individual level data that are not necessarily the result of direct observation but rather through estimations that reproduce the observed distribution of the underlying data, including the joint distribution of age, gender, numbers of dependent children, income and wealth between adult individuals) providing information on income and wealth, which will also be made available online. The global aim is to release income and wealth synthetic DINA micro-files for all countries on an annual basis. Such data will certainly play a critical role in the public debate, and will be used as a resource for further analysis by various actors in civil society and in the academic, business and political communities.

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Keywords

Programme(s)

Topic(s)

Funding Scheme

ERC-SyG - Synergy grant

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Call for proposal

(opens in new window) ERC-2019-SyG

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Host institution

ECOLE D'ECONOMIE DE PARIS
Net EU contribution
€ 6 054 110,00
Address
BOULEVARD JOURDAN 48
75014 Paris
France
Region
Ile-de-France Ile-de-France Paris
Activity type
Higher or Secondary Education Establishments
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Total cost
€ 6 054 110,00

Beneficiaries (3)