Luxembourg

While much of the comparative evidence on inequalities that is currently available refers to household income, wealth is a critical dimension of households’ economic well-being. How wealth is distributed is important for equity and inter-generational mobility, but also for the stability of the economic system and for its resilience to shocks. While the lack of comparative evidence in this field reflects the absence of an agreed standard that statistical offices could use when collecting this information, this gap has been addressed by the OECD with the release in 2013 of a set of statistical guidelines in this field. In 2013, the OECD issued a set of ‘Guidelines’ for micro statistics on household wealth (OECD, 2013) and an increasing number of countries have engaged in the collection of micro statistics in this field (European Central Bank, 2013). Building on these initiatives as well as others, such as the Luxembourg Wealth Study (Sierminska et al, 2006) which have informed previous OECD analysis (Jantii et al., 2008), the OECD has updated the data on the distribution of household wealth for OECD countries, based on the set of conventions and classifications proposed in the 2013 OECD Guidelines.

Data cited at: The World Bank https://datacatalog.worldbank.org/ Topic:Wealth Accounting Publication: https://datacatalog.worldbank.org/dataset/wealth-accounting License: http://creativecommons.org/licenses/by/4.0/   The wealth accounting approach provides two related sets of information: comprehensive wealth accounts (a stock measure in total and per capita values), and adjusted net saving (a flow measure). The wealth accounts were updated in 2018, using a new methodology described in The Changing Wealth of Nations 2018.

  For the following indicators, Knoema modified the original reported values by multiplying by 100 to display in percent value in accordance with the WID unit labels: Capital share of national incomeIncome reduction as a result of income taxLabor share of national incomeNet Corporate Wealth to Net National Income RatioNet national wealth to Net National Income RatioNet Non-Profit Wealth to Net National Income RatioNet Personal Wealth to Net National Income RatioNet Private Wealth to Net National Income RatioNet Public Wealth to Net National Income Ratio