The Measurement of Augmented Wealth: Concepts, Methods and Results Workshop Friday, 3 March 2023 | Start: 09:00 AM | End: 05:00 PM CET Hybrid online and in-person event at Oesterreichische Nationalbank, Otto-Wagner-Platz 3, 1090 Vienna, Austria Dear Sir or Madam, we are pleased to invite you to the Workshop on "The Measurement of Augmented Wealth: Concepts, Methods and Results" which is organized by the Oesterreichische Nationalbank. Abstract Measures of net worth, as they are used for the analysis of large household surveys like the Survey of Consumer Finances (SCF) and the Household Finance and Consumption Survey (HFCS), are typically defined as the sum of financial and real assets minus the value of outstanding debt. This concept is based on a definition of “marketable wealth” as has been proposed by the OECD and other institutions. The recent years have, however, shown an increasing interest in the notion of “augmented wealth”, i.e. a concept of wealth that also includes the present value of other, nonmarketable private or public entitlements. This refers, in particular, to the value of public pension entitlements (sometimes called “social security wealth”), but potentially also to other elements like the entitlements to future health care benefits in the context of an income-based public health insurance system or the implicit subsidies due to social housing programs. The existence of these additional components of augmented wealth is likely to have an important impact on crucial economic decisions like saving, labor supply, and retirement. The aim of this workshop is to bring together leading researchers in this field in order to discuss the methods for constructing augmented wealth, to compare existing findings and to talk about challenges and open practical and conceptual issues. 9:00 AM Opening address Robert Holzmann Governor Oesterreichische Nationalbank 10:00 AM Session 1: Methods, Concepts, Context Private wealth in economics and the economy - a refleciton on concepts and methods Pirmin Fessler Oesterreichische Nationalbank Discussant Martin Schürz Oesterreichische Nationalbank 10:45 AM Coffee Break 11:00 AM Session 2: The Inclusion of Pension Entitlements Methods for augmenting traditional wealth surveys by specific questions, statistical matching or links to administrative data: The German experience Carsten Schröder DIW, Berlin Discussant Pirmin Fessler Oesterreichische Nationalbank 11:45 AM The impact of the public pension system on wealth inequality. The distribution of augmented wealth in Poland Marcin Wronski Warsaw School of Economics Discussant Markus Knell Oesterreichische Nationalbank 12:30 PM Lunch 1:30 PM Session 3: The Inclusion of Public Health Insurance Distributional implications of the public health system in Austria Thomas Leoni University of Applied Sciences, Wiener Neustadt Discussant Maria Hofmarcher HealthSystemIntelligence 2:15 PM Coffee Break 2:30 PM Health insurance and the wealth distribution Reinhard Koman Oesterreichische Nationalbank Discussant Martin Spielauer Austrian Institute of Economic Research (WIFO) 3:15 PM Coffee Break 3:30 PM Session 4: The Inclusion of Social Housing Housing policy and the distribution of wealth: A comparative perspective on public and private wealth Severin Rapp Vienna University of Economics and Business Discussant Peter Lindner Oesterreichische Nationalbank 4:15 PM Housing and wealth inequality: A story of policy trade-offs Orsetta Causa OECD Discussant Paul Pichler University of Vienna 5:00 PM End of workshop Join us by registering by February 27, 2023, at the latest by using this link: https://www.oenb-events.at/en/oesterreichische-nationalbank-workshop/registr... 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