1、June 17, 2020ESTIMATING THE TOP TAIL OF THEFAMILY WEALTH DISTRIBUTION INCANADAPowered by TCPDF (www.tcpdf.org) The Parliamentary Budget Officer (PBO) supports Parliament by providing economic and financial analysis for the purposes of raising the quality of parliamentary debate and promoting greater
2、 budget transparency and accountability. PBO has developed a modelling approach to estimate the top tail of the family wealth distribution in Canada. The modelling approach produces a new micro database of high-net-worth families to undertake analytical and costing work. This report describes the ap
3、proach to constructing the database and showcases its analytical capabilities. PBO wishes to acknowledge Professor Jim Davies, who provided valuable technical clarifications related to estimating the top tail of the family wealth distribution, and officials from Statistics Canadas Survey of Financia
4、l Security (SFS) Team, who answered many questions related to the SFS. Lead Analyst: Nigel Wodrich, Analyst Contributor: Aidan Worswick, Analyst This report was prepared under the direction of: Xiaoyi Yan, Director Nancy Beauchamp, Carol Faucher, Jocelyne Scrim and Rmy Vanherweghem assisted with the
5、 preparation of the report for publication. For further information, please contact pbo-dpbparl.gc.ca Yves Giroux Parliamentary Budget Officer RP-2021-007-S_e Table of Contents Executive Summary 1 1. Introduction 3 2. Measuring family wealth in Canada 4 3. Database construction 7 4. Database capabil
6、ities 8 Modelling approach and assumptions 11 Initial data alignment 11 Rich list data incorporation 12 Pareto interpolation 14 Iterative calibrations 17 Summary statistics 19 Future database development 21 References 22 Notes 25 Estimating the top tail of the family wealth distribution in Canada 1