Why micro-statistics on household 
          wealth are important?
  Key component of household economic resources, 
     alongside income and consumption
  Inequality in the distribution of household wealth is 
     significantly higher than that for household income, 
     and may evolve differently overtime
  The distribution of household wealth may affect the 
     vulnerability of the economy to various shocks, and 
     the sustainability of economic development
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           Why have these Guidelines been 
           developed?
 •  Recommendations by various bodies
     – 2011 Canberra Group Handbook on Household Income Statistics 
        proposed “the development of international statistical standards for 
        the collection and compilation of statistics on household wealth at 
        the micro level”
     – Stiglitz-Sen-Fitoussi Commission recommendations to “consider 
        income and consumption jointly with wealth” and “give more 
        prominence to the distribution of income, consumption and wealth”
 •  SNA provides framework for compilation and analysis 
    of macro statistics for the whole economy, not always 
    well-adapted to need of statistician's interested in 
    distribution
 •  No international standards in the micro field currently 
    exist
 •  Long term goals                                                             3
     – Increase the ex ante comparability of existing measures
     – Encourage more countries to undertake measurement in this 
        field
          Who has developed these Guidelines?
 •  OECD Expert Group on Micro-Statistics on Household Income, 
    Consumption and Wealth (EGICW)
 •  Established under aegis of OECD Committee on Statistics 
    (CSTAT) in late 2010 with two-year mandate
 •  Chaired by Bob McColl (ABS, Australia), including 
    representatives of statistical offices from 17 countries and other 
    experts in the field (ECB, Federal Reserve Board, Eurostat, 
    Luxembourg Income Study)
 •  Financial and in-kind support from Federal Statistical Office of 
    Switzerland, Australian Bureau of Statistics and Bank of Italy
 •  Report reflect comments provided by CSTAT members and 
    published on the responsibility of the OECD Secretary-General
 •  The Guidelines complement the second deliverable of EGICW, i.e. 
    the companion report Framework for Statistics on the 
    Distribution of Household Income, Consumption and Wealth
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         What are its objectives?
  •  Reviewing and comparing country methodologies for 
     producing micro-statistics on household wealth
  •  Developing agreed definitions, classifications and other 
     treatments for micro-statistics on household wealth
  •  Assessing measurement issues associated with different 
     components of household wealth and developing best-
     practice
  •  Assessing the  pros and cons of different sources and 
     methods, and the range of analytic measures that could be 
     used to describe household wealth
  •  Identifying conceptual and definitional differences between 
     macro- and micro-approaches to measuring household 
     wealth
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             What is the structure of these Guidelines?
 • Ch. 1        Introduction
 • Ch. 2       Overview of household wealth statistics
 • Ch. 3       Standard concepts, definitions, and classifications for household wealth
                     statistics
 • Ch. 4       Data sources and methods for producing household wealth statistics
 • Ch. 5       Measurement Guidelines for standard components of household wealth
 • Ch. 6       Measuring household wealth through surveys
 • Ch. 7       Analytic measures
 • Ch. 8       Dissemination
 • Ch. 9        Quality assurance for household wealth statistics
 • Annex A  Eurosystem Household Finance and Consumption Survey
 • Annex B  Luxembourg Wealth Study
 • Annex C  Differences between micro and macro measures of household wealth
 • Annex D  Inventory of country methodologies for producing micro wealth statistics
 • Annex E  Household Definition in other statistical standards
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