Fed launches database on household wealth distribution
Database designed to help policy-makers understand the impact of their decisions on patterns of inequality
The Federal Reserve has launched a new database covering the distribution of household wealth in the US, in a bid to overcome the limitations of existing data sources.
The “distributional financial accounts” (DFAs) provide quarterly updates on the estimated distribution, based on a “comprehensive measure” of household wealth. As a team of economists explains in a recent working paper, existing measures of wealth are not comprehensive, suffer from lags and tend to be measured at a low frequency
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