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.

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Household Finance and Consumption Survey (HFCS), Central Banks and National Statistical Offices, for Austria, Belgium, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Lithuania, Latvia, Luxembourg, Poland, Portugal, the Slovak Republic, Slovenia and Spain.  Survey of Income  and Housing (SIH), Australian Bureau of Statistics  for Australia. Survey of Financial Security (SFS), Statistics Canada for Canada. Survey of Household Finances, Central Bank of Chile for Chile. Survey of assets and liabilities, Statistics Denmark for Denmark. National Survey of Family Income and Expenditure, Statistics Bureau, Ministry of Internal affairs and communication for Japan. Survey of Household Finances (SHF), Statistics Korea for Korea. Wealth Statistics, Central Bureau of Statistics for Netherlands. Household Economic Survey (HES), Statistics New Zealand for New Zealand. Income Statistics for Households, Statistics Norway for Norway. Wealth in Great Britain (WGB), Office for National Statistics for Great Britain. Survey of Consumer Finances (SCF), Board of Governors of  the Federal Reserve System, for United States.

The concept of wealth used in the OECD Guidelines refers to ‘ownership of economic capital’ as a dimension of people’s material well-being (alongside income and consumption); hence it excludes other types of capital (such as human capital, social capital and collectively held assets) that, while important for individuals and communities, are not material assets over which people can exercise ownership rights. Similarly, the concept of households used in the Guidelines is in line with that recommended in the Canberra Group Handbook on Household Income Statistics (UN, 2011); it refers to all private households who reside in housing units and are resident of the country to which statistics relates; hence it excludes non-profit institutions serving households as well as those unincorporated enterprises that, depending on country practices, are sometimes included in National Accounts data for the household sector.