Multidimensional Wealth Inequality: A Hybrid Approach toward Distributional National Accounts in Europe

Research output: Working paper


Distributional National Accounts (DINA) link macroeconomic aggregates with distributional information enabling a better understanding of distributional implications of macroeconomic developments and facilitate cross-country comparisons of inequality. This article proposes a practically feasible framework to allocate components of wealth to different sections of society and serves two functions: a comprehensive measure of net worth and its distribution, and a link to macroeconomic statistics. The article compiles DINA by breaking down twelve components of marketable wealth by wealth and income groups, as well as three major functions of wealth for Austria, Finland, France, Germany and Spain. The three functions of wealth considered are (i) precautionary saving, (ii) own use of housing assets and (iii) income generation via the ownership of businesses or landlordship. The resulting multidimensional wealth distributions reveal large heterogeneity in inequality and help understand (institutional) differences across countries and time. Results are top-tail adjusted using Pareto and Generalized Pareto models, and combining survey data (HFCS) with rich lists, or top wealth shares derived from tax data and leaked information on wealth held in offshore tax havens.
Original languageEnglish
Place of PublicationVienna
PublisherVienna University of Economics and Business
Number of pages63
Publication statusPublished - 20 Apr 2020

Publication series

NameINEQ Working Paper Series
PublisherVienna University of Economics and Business


  • Distributional National Accounts (DINA)
  • Wealth Distribution
  • Micro-macro linkage
  • HFCS
  • Top Tail Adjustment

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