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Information item: Two Expert Groups on households’ economic resources. Working Party on National Accounts 2 December 2010 Maryse FESSEAU (OECD). Background. The « Stiglitz-Sen-Fitoussi » report – October 2009

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Information item two expert groups on households economic resources l.jpg

Information item: Two Expert Groups on households’ economic resources

Working Party on National Accounts

2 December 2010

Maryse FESSEAU (OECD)


Background l.jpg
Background

  • The « Stiglitz-Sen-Fitoussi » report – October 2009

  • Report to the G20 Finance Ministers and Central Bank governors (Recommendation 16 – 2009)

  • OECD Statistics committee (CSTAT) (June 2010)

    • Activity 7.2.b « integrated framework on income, expenditures and wealth »

    • Activity 7.2.c « Integrating inequalities in the SNA »

  • Eurostat–Insee sponsorship (July 2010)


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Letter from OECD Chief Statistician to CSTAT Delegates (November 08, 2010)

  • Proposes the establishment of two expert groups

    • EG « on micro statistics on household income, consumption and wealth »

    • EG « to measure disparities in a national accounts framework »

  • Both EGs:

    • Will contribute to OECD research on households’ economic resources, living conditions and sustainability

    • Will operate until end-2012


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Expert Group « on micro statistics » (November 08, 2010)

  • GOALS:

    • Define standards for the measurement and collection of micro-statistics on household wealth

    • Propose a framework for integrating micro data on income, consumption and wealth (conceptual framework and practical challenges)

  • OUTCOMES:

    • Reports with conceptual proposals and practical guidance to improve future household surveys

  • MEMBERS:

    • Experts of household micro data


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Expert Group « disparities in NA » (November 08, 2010)

  • GOALS:

    • Use micro data to break down the household NA (income, consumption and wealth) by group

  • OUTCOMES:

    • Report describing existing macro data on household across OECD countries and comparing micro and macro aggregates

    • Report presenting a breakdown of SNA household aggregates for a number of countries in a recent year, based on a common methodology

      (Short term – using current micro and macro data)

  • MEMBERS:

    • Mix of experts on household micro and macro data

    • OECD and Eurostat will support and participate in the EG


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Expert Group « disparities in NA » (November 08, 2010)

  • STEPS and TIMELINES:

    • Step 1 (January 2011 – Summer 2011):

      • Take stock of available information on household statistics (availability, methods of compilation)

      • Comparisons of micro and macro sources

      • Proposals for medium/long term improvements in the compilation of NA data through a better use of surveys data (and vice versa)

        • Questionnaire on macro data: availability, compilation, figures

        • Detailed calculations for each country by members of the EG

    • Step 2 (September 2011 – Summer 2012):

      • Breakdown of the household National Accounts data by socio-economic group

      • Proposals for computing disparities indicators consistent with NA aggregates

        • Identifying and defining the scope and coverage of indicators

        • Test the feasibility of producing the identified set of indicators

        • Agree and implement an internationally applicable methodology

        • Consider whether it would be feasible to assess disparities on a regular basis


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Expert Group « disparities in NA » (November 08, 2010)

  • A methodological and practical Expert Group to consider micro and macro data

  • Implications:

    • For country members:

      • Micro and Macro experts in the EG or at least inside NSO

      • Access to detailed micro and macro data on households to make calculations and tests

    • For OECD and Eurostat: coordination and calculation

    • Link with the Expert Group on micro statistics

  • Issue (beyond technical challenges): reach agreement across micro and macro experts on the quality and future improvements for each source


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Two Expert Groups on households (November 08, 2010)

  • Reminder: names and coordinates of participating experts should be provided by 17 December 2010

  • Information meeting on the EG to measure disparities in a NA framework:

    3 December, 2 to 4 pm. Room MB1122


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