280 likes | 388 Views
Progress report on Expert Groups on micro and macro household statistics. WPNA meeting October 2011 Maryse FESSEAU (OECD – Statistic Directorate, National Accounts Division). Outline of presentation. Update on the Expert Groups First results related to National Accounts
E N D
Progress report on Expert Groups on micro and macro household statistics WPNA meeting October 2011 Maryse FESSEAU (OECD – Statistic Directorate, National Accounts Division)
Outline of presentation • Update on the Expert Groups • First results related to National Accounts • Emphasize the household perspective through National Accounts data at the international level
1. Update on the Expert Groups on Households’ economic resources
Reminder Two Expert Groups on Households’ economic resources • OECD Expert Group on Micro Statistics on Income, Consumption and Wealth (EG ICW – 17 NSOs), aiming at: • Pursuing methodological work to develop standards and guidelines for measuring household wealth through surveys • Proposing a framework for joint analysis of micro data on households income, consumption and wealth • OECD-Eurostat Expert Group on Disparities in a National Accounts Framework (EG DNA – 25 NSOs), aiming at: • Using existing micro sources to produce indicators of disparities by group of households consistent with SNA totals – feasibility study (country pilot studies)
First meeting and inputs EG ICW + EG DNA : first meeting in Paris, March 2011 EG ICW + EG DNA : new inputs required and initiated • EG ICW: Survey of country practices on wealth (micro) statistics Sent to 34 countries (all NSOs represented in CSTAT (members and observers), and non-OECD EU countries ); 31 answers. • EGDNA : Survey of country practices on Households National Accounts compilation (from production to saving, incl. StiK) Sent to 42 countries (OECD/EU27/EFTA/EG DNA). 39 answers. • EGDNA: Questionnaire comparing micro and macro data sources (for income, consumption and wealth) Sent to 25 EG DNA countries. 19 answers.
Next steps and meetings EG ICW / EG DNA • 2nd meeting (Paris, Dec 2011) • 3rd meeting (mid-2012) • End-work: end 2012 • Early 2013: draft final report to CSTAT for comments under written procedure
EG DNA survey on HH current accounts • Sent to 42 countries (OECD/EU27/EFTA/EG DNA) • 39 responses (32 OECD, 24 EU27, India) • Focus: • On annual data • On current accounts: from production to saving, including social transfers in kind • Main information collected for the HH sector: • Delineation • Method and source used by transaction • Adjustments made • Indicators released at the country level • Improvements planned in the medium/short term • Preliminary results: some answers still to be checked
EG DNA survey: sector delineation • Non-Profit Institutions Serving Households (NPISHs) • Nearly 1/3 publish HH accounts mixed with NPISHs Remark: 1 out of 4 in EU27 countries • In most countries the absence of separate accounts reflects a lack of data source
EG DNA survey: sector delineation • Unincorporated enterprises (UE) • Wide range of situations across the 38 countries • 3 countries do not include UE at all • 13 countries include all the UE • Other countries include a part of them, using different criteria and different tresholds • Difference in the share of UE income in HH income (proxi. mixed income as a % of disposable income) ….could be due to delineation gaps
EG DNA survey: method and sources • Information by income/consumption transaction • Method: 4 response items • Direct estimation independent of other sector accounts, • Estimation using counterpart information from other sectors, • Estimation as a residual from the total economy • Not included • Sources: 6 response items, multiple choicesallowed • Household survey, • Administrative records, • Mixed survey and administrative records, • Business sample survey, • Economic census, • Trade sources.
EG DNA survey: method and sources • Method by income transaction Source: EG DNA survey 2011
EG DNA survey: method and sources • Sources by income transaction Source: EG DNA survey 2011
EG DNA survey: method and sources • Method by consumption transaction Source: EG DNA survey 2011
EG DNA survey: method and sources • Sources by consumption transaction Source: EG DNA survey 2011
EG DNA survey: adjustments • Different type of adjustments: conceptual, exhaustiveness, balancing • Not all countries implement the same adjustments… • ….whereas some adjustments can have a strong impact on the final amount (more than 80%)
EG DNA survey: social transfers in kind • Only 2 countries do not estimate a separate item for STiK • Among the 36 countries that estimate STiK: • 3 countries do not include Education • 5 countries do not include all the Health components
EG DNA survey: conclusions • The HH sector is estimated by using mainly direct and counterpart information • Micro and macro data sources are not completely disconnected even if the HH accounts is affected by adjustments • Sharing knowledge on country practices is crucial to knowing whether gaps are significant => Especially where HH aggregates are used to benchmark country performances • Countries could already improve the emphasis on HH aggregates by publishing more aggregates • More than half of the countries are planning to work on the HH sector in the medium/short term
3. Emphasize the household perspective through National Accounts data at the international level
The annual aggregates currently emphasized at the OECD • National Accounts at a Glance (NaaG) 2010 • OECD Factbook • How is Life ?
Other annual aggregates could be emphasized Financial indicators: • OECD financial Dashboard Combination of financial and non-financial indicators • Household net worth Non-financial indicators, such as: • Adjusted disposable income (as % of primary income) • Housing costs (as % of HH disposable income)
Other annual aggregates could be emphasized • Adjusted disposable income (% of primary income) = Do HHs benefit from the redistribution process? Scope: countries with detailed information on the HH (S14) sector in the OECD database for 2000 and 2008
Other annual aggregates could be emphasized • Housing costs (% of disposable income) Scope: countries with detailed information on the HH (S14) sector in the OECD database for 2000 and 2008
Other annual aggregates could be emphasized CONCLUSIONS: Financial indicators: • Information available, work on-going Combination of financial and non-financial indicators • Work to be done, country coverage issue Non-financial indicators: • Information available, relevance of indicators should be investigated
To go forward… • COMPILATION • Encouraging the compilation of HH accounts close to SNA for better homogeneity • Encouraging the compilation of HH balance sheets • DATA COLLECTION • Develop collection/exchanges on metadata • DISSEMINATION • Paper on the EG DNA survey to share the information • Introduction of new HH indicators in the current OECD publications • OECD financial Dashboard • Press release on HH • Not forgetting: HH quarterly sector accounts !