Format du dépôt |
Fichier |
Type de dépôt |
Pré-publication, Document de travail |
Titre |
en
Revised and extended national wealth series: Australia, Canada, France, Germany, Italy, Japan, the UK and the USA
|
Résumé |
en
This paper presents updated series of national wealth and of capital-labor shares of na- tional income for the eight countries covered by Piketty and Zucman (2014a): Australia, Canada, France, Germany, Italy, Japan, the UK and the USA. It discusses the adap- tation of the series from the SNA93 to the SNA2008, the inclusion of natural capital (i.e. forestry land, mineral and energy resources) within the concept of national wealth and the division of national housing across households and other sectors. I find that adopting the SNA2008 has no relevant consequences for aggregate macro wealth or for the net-of-depreciation capital share. However, gross-of-depreciation capital shares are higher, likely due to the inclusion of R&D as investment in the new system of accounts. Overall, new series reveal that average private wealth to national income ratios have been steadily increasing in recent years with capital-labor shares remaining relatively constant at their 2010 values.
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Auteur(s)
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Luis Estévez Bauluz
1, 2, 3
1
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
-
Université Paris 1 Panthéon-Sorbonne ( 7550 )
;
-
École normale supérieure - Paris ( 59704 )
;
-
Université Paris Sciences et Lettres ( 564132 )
;
-
École des hautes études en sciences sociales ( 99539 )
;
-
École des Ponts ParisTech ( 301545 )
;
-
Centre National de la Recherche Scientifique ( 441569 )
;
-
Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement ( 577435 )
2
PJSE -
Paris Jourdan Sciences Economiques
( 578027 )
- 48 boulevard Jourdan 75014 Paris
- France
-
Université Paris 1 Panthéon-Sorbonne UMR8545 ( 7550 )
;
-
École normale supérieure - Paris ( 59704 )
;
-
Université Paris Sciences et Lettres ( 564132 )
;
-
École des hautes études en sciences sociales ( 99539 )
;
-
École des Ponts ParisTech ( 301545 )
;
-
Centre National de la Recherche Scientifique ( 441569 )
;
-
Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement UMR1393 ( 577435 )
3
WIL -
World Inequality Lab
( 1006727 )
- 48 boulevard Jourdan 75014 Paris
- France
|
Langue du document |
Anglais
|
Date de production/écriture |
2017
|
Public visé |
Scientifique
|
Domaine(s) |
-
Sciences de l'Homme et Société/Economies et finances
|
Référence interne |
-
World Inequality Lab Working Papers n°2017-23
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Mots-clés (JEL) |
-
E - Macroeconomics and Monetary Economics/E.E0 - General/E.E0.E01 - Measurement and Data on National Income and Product Accounts and Wealth • Environmental Accounts
-
E - Macroeconomics and Monetary Economics/E.E3 - Prices, Business Fluctuations, and Cycles
-
N - Economic History/N.N5 - Agriculture, Natural Resources, Environment, and Extractive Industries
|
Mots-clés |
en
DINA, Distributional National Accounts, wealth, inequality, Australia, Canada, France, Germany, Italy, Japan, United Kingdom, United States
|