Economie et Statistique / Economics and Statistics n° 517-518-519 - 2020Beyond and Around GDP: Questions to National Accounting

Economie et Statistique / Economics and Statistics
Paru le : Paru le 08/10/2020
Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman
Economie et Statistique / Economics and Statistics - October 2020
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Towards a System of Distributional National Accounts: Methods and Global Inequality Estimates from WID.world

Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman

Economie et Statistique / Economics and Statistics

No 517-518-519

Paru le : 08/10/2020

Abstract

This paper briefly presents the methodology of Distributional National Accounts (DINA), which distributes total national income and total wealth among all individual residents. With DINA, we can estimate inequality statistics and growth by income and wealth groups that are consistent with aggregate growth from National Accounts. This methodology has been recently applied to a number of countries, and the data produced are available from WID.world. The paper summarizes the initial empirical findings. We observe rising top income and wealth shares in nearly all countries in recent decades, but the magnitude of the increase varies substantially, thereby suggesting that different country-specific institutions and policies matter. We combine countries’ statistics to estimate global inequality since 1980. Global inequality has increased since 1980 in spite of the catching up of large emerging countries like China and India. This has been driven by the income growth of top world earners.

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Citation: Alvaredo, F., Chancel, L., Piketty, T., Saez, E. & Zucman, G. (2020). Towards a System of Distributional National Accounts: Methods and Global Inequality Estimates from WID.world. Economie et Statistique / Economics and Statistics, 517‑518‑519, 41–59.
https://doi.org/10.24187/ecostat.2020.517t.2018