Roth, Steve (2022): Distributional Haig-Simons Income Accounts for U.S. Households, 2000-2019.
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Abstract
This paper and the accompanying Excel workbook present the Distributional Comprehensive Household Income Accounts (DCHIAs), an open-access data series of Haig-Simons income for U.S. households, 2000–2019. The series is derived from publicly available national-accounts data, and is balance-sheet-complete; it fully explains changes in household (and hence national) assets and net worth from year to year and across the two-decade period. A prototype distributional breakdown is provided for all measures and submeasures, by income quintile.
Item Type: | MPRA Paper |
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Original Title: | Distributional Haig-Simons Income Accounts for U.S. Households, 2000-2019 |
Language: | English |
Keywords: | income; wealth; assets; liabilities; net worth; haig-simons; national accounts; personal income; NIPA; flow of funds; inequality; equality; labor income; property income; IMA; integrated macroeconomic accounts; SNA; system of national accounts; distribution; capital gains; holding gains; realized; accrued |
Subjects: | B - History of Economic Thought, Methodology, and Heterodox Approaches > B4 - Economic Methodology C - Mathematical and Quantitative Methods > C8 - Data Collection and Data Estimation Methodology ; Computer Programs > C82 - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data ; Data Access E - Macroeconomics and Monetary Economics > E0 - General > E01 - Measurement and Data on National Income and Product Accounts and Wealth ; Environmental Accounts E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E21 - Consumption ; Saving ; Wealth E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E25 - Aggregate Factor Income Distribution |
Item ID: | 115948 |
Depositing User: | Steve Roth |
Date Deposited: | 10 Jan 2023 14:19 |
Last Modified: | 10 Jan 2023 14:19 |
References: | Auten, Gerald. 2022. “Distributing National Income in the US: Alternative Income Definitions and Data Issues.” Paper prepared for the 37th IARIW General Conference, Friday, August 26. With permission from the author. iariw.org/wp-content/uploads/2022/08/Auten-IARIW-2022.pdf Balloch, Cynthia Mei and Julian Richers. 2021. "Asset Allocation and Returns in the Portfolios of the Wealthy." conference.nber.org/conf_papers/f155141.pdf Fisher, Jonathan D., David S.Johnson, Timothy M. Smeeding, and Jeffrey P. Thompson. 2020. “Estimating the marginal propensity to consume using the distributions of income, consumption, and wealth.” Journal of Macroeconomics, Vol. 65. Working paper: bostonfed.org/-/media/Documents/Workingpapers/PDF/2019/wp1904.pdf Gindelsky, Marina. "Do transfers lower inequality between households? Demographic evidence from Distributional National Accounts." Economic Inquiry Jan. 2022. Kartashova , Katya and Xiaoqing Zhou. 2021. “Wealth Inequality and Return Heterogeneity During the COVID-19 Pandemic.” Federal Reserve Bank of Dallas. papers.ssrn.com/sol3/papers.cfm?abstract_id=3967802 Mian, Atif, Ludwig Straub, and Amir Sufi. 2021. “The Saving Glut of the Rich.” Chicago Booth and NBER: scholar.harvard.edu/files/straub/files/mss_richsavingglut.pdf Morelli, Salvatore, Brian Nolan, Juan C Palomino, and Philippe Van Kerm. 2021. “Inheritance, gifts and the accumulation of wealth for low-income households.” Journal of European Social Policy, Volume: 31 issue: 5, pp. 533-548. journals.sagepub.com/doi/full/10.1177/09589287211040419 Nolan, Brian, Juan C. Palomino, Philippe Van Kerm, and Salvatore Morelli. 2021. “Intergenerational wealth transfers and wealth inequality in rich countries: What do we learn from Gini decomposition?” Economics Letters 199. Roth, Steve. 2021. “Why the Flow of Funds Don’t Explain the Flow of Funds: Sectoral Balances, Balance Sheets, and the Accumulation Fallacy.” Working paper: mpra.ub.uni-muenchen.de/109976/8/MPRA_paper_109976.pdf Sabehaus, John Edward and Jeffrey P. Thompson. 2022. “Racial Wealth Disparities: Reconsidering the Roles of Human Capital and Inheritance.” FRB of Boston Working Paper No. 22-3. Saez, Emmanuel and Gabriel Zucman. “Progressive Wealth Taxation.” Brookings Papers on Economic Activity, September 2019. brookings.edu/wp-content/uploads/2019/09/Saez-Zucman_conference-draft.pdf Salas-Rojo, Pedro and Juan Gabriel Rodríguez. 2022. “Inheritances and wealth inequality: a machine learning approach.” The Journal of Economic Inequality. Teplin, et. al. 2006. “Integrated Macroeconomic Accounts for the United States, Draft SNA-USA.” In Jorgenson et. al., A New Architecture for the U.S. National Accounts. University of Chicago Press. nber.org/system/files/chapters/c0145/c0145.pdf Xavier, Inês. 2020. “Wealth Inequality in the US: The Role of Heterogeneous Returns.” papers.ssrn.com/sol3/papers.cfm?abstract_id=3915439 |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/115948 |
Available Versions of this Item
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Distributional Haig-Simons Income Accounts for U.S. Households, 2000-2019. (deposited 19 Sep 2022 08:56)
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Distributional Haig-Simons Income Accounts for U.S. Households, 2000-2019. (deposited 02 Nov 2022 00:26)
- Distributional Haig-Simons Income Accounts for U.S. Households, 2000-2019. (deposited 10 Jan 2023 14:19) [Currently Displayed]
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Distributional Haig-Simons Income Accounts for U.S. Households, 2000-2019. (deposited 02 Nov 2022 00:26)