NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. 2016 by Thomas Piketty, Emmanuel Saez, and Gabriel Zucman. All rights reserved.
62US National accounts provide measures of GDP, personal consumption expenditure, and personal income (but not national income) at the state level (see US Department of Commerce, Bureau of Economic Analysis, 2016). Alvaredo, Facundo, Anthony Atkinson, Thomas Piketty, Emmanuel Saez, and Gabriel Zucman. 2011-present.
Our hope is that our prototype distributional national accounts will ultimately be taken over, refined, published, and regularly improved upon by government statistical agencies. Second, distributional national accounts can be used to compare income across countries on a consistent basis.
First and most important, there is a large gap between national accounts—which focus on macro totals and growth—and inequality studies—which focus on distributions using survey and tax data, usually without trying to be fully consistent with macro totals.