Changes in the Functional Distribution of Household Income in Washington: A Comparison using 1990 and 2000 PUMS Census Data

This paper examines and details the main sources of household income in Washington using the Census of Population PUMS microsample. In accord with the generally good economy in the 1990’s, the share of property type income in total household income increased from 1990 to 2000. And with welfare reform in the mid-1990’s the share of public assistance type income decreased as a share of household income. In order to better understand the relative importance of alternative sources of income to Washington households, each household was identified according to the income source which provided the largest contribution to household income. For example, a household whose largest source of income comes from salary and wages was identified as a Labor household. Similarly, households whose largest source of income was interest, dividends or net rentals were identified as Capital households. Labor and capital households are not very different in terms of mean household income. In 2000, average household income of Labor households was $65,300 while the average household income of Capital households was$96,200. However, Labor households were very different than Capital household regarding diversification of income source. Labor households depended upon wage income for 92 percent of mean household income. Capital households obtained 70 percent of their mean household income from interest, dividends and rents, but also had 11 percent of their mean income from wages and 15 percent of their mean income from social security and pensions.Sources of household income in washington, labor's share of income, capital's share of income

Household Income Composition and Household Goods

The paper focuses on the change in household income composition and the factors that determine it. The results bring additional knowledge about household poverty dynamics. Based on the collective approach to the family and the cooperative game theory it is constructed theoretical model of household income composition change. The change in income composition is a result from bargaining between household members in attempt to defend the most suitable for them income source. Decisive influence in the household income pattern bargaining have specific set of household goods. Through empirical analysis of European Community Household Panel 2003 data it is proved that the adoption of definite income compositions (with prevailing wages and salaries share and with prevailing social transfers share) is a result from the availability of specific set of household goods.household income pattern ; household goods ; cooperative game theory

Variations in family budget shares by net family income

Section 5 provided tables showing average food expenditures classified by levels of net family income and each of a number of household characteristics considered in turn. This Section gives the results of a multivariate analysis of the food expenditure data in which net family income and all the household characteristics appear simultaneously. Household characteristics are correlated with one another (for example Income Support or Family Credit receipt is more common in some household composition types than in others). This analysis gives a view of the independent effects of income and each of the household characteristics

The Distribution of Household Income and Federal Taxes, 2011

In 2011, according to the Congressional Budget Offices (CBO’s) estimates, average household market income— a comprehensive income measure that consists of labor income, business income, capital income (including capital gains), and retirement income—was approximately $81,000. Government transfers, which include benefits from programs such as Social Security, Medicare, and unemployment insurance, averaged approximately$13,000 per household. The sum of those two amounts, which equals before-tax income, was about $94,000, on average. Federal taxes as examined in this report comprise four separate sources: individual income taxes, payroll (or social insurance) taxes, corporate income taxes, and excise taxes. Taken together, those taxes were about$17,000 per household, on average, in 2011. Thus, average household income after taxes was about $77,000, and the average federal tax rate (federal taxes divided by before-tax income) was 17.6 percent

The economic status of older people’s households in urban and rural settings in Peru, Mexico and China: a 10/66 INDEP study cross-sectional survey

Few data are available from middle income countries regarding economic circumstances of households in which older people live. Many such settings have experienced rapid demographic, social and economic change, alongside increasing pension coverage. Population-based household surveys in rural and urban catchment areas in Peru, Mexico and China. Participating households were selected from all households with older residents. Descriptive analyses were weighted back for sampling fractions and non-response. Household income and consumption were estimated from a household key informant interview. 877 Household interviews (3177 residents). Response rate 68 %. Household income and consumption correlated plausibly with other economic wellbeing indicators. Household Incomes varied considerably within and between sites. While multigenerational households were the norm, older resident’s incomes accounted for a high proportion of household income, and older people were particularly likely to pool income. Differences in the coverage and value of pensions were a major source of variation in household income among sites. There was a small, consistent inverse association between household pension income and labour force participation of younger adult co-residents. The effect of pension income on older adults’ labour force participation was less clear-cut. Historical linkage of social protection to formal employment may have contributed to profound late-life socioeconomic inequalities. Strategies to formalise the informal economy, alongside increases in the coverage and value of non-contributory pensions and transfers would help to address this problem

Recent Trends in Household Income Dynamics for the United States, Germany and Great Britain

This paper examines the recent trends in household income volatility in the United States, Germany and Great Britain, and compares household income volatility with individual income volatility. I estimate a formal error components model using the Cross-national Equivalence File from 1979 to 2004. I find that household income volatility, measured by the transitory variance of household income, accounts for more than half of the total income variance for all three countries. Despite the differences in the total household income variances among the three countries, the permanent variances converges since the late 1990s.Household Income, Income Volatility, Permanent Inequality, Cross-National Comparison

State Estimates of Median Household Size-Adjusted Income for Persons with Disabilities: Report Summary

Since 1980, the growth in the median household size-adjusted income of Americans with a disability has fallen below that of the rest of the working population overall and in the vast majority of states. Knowledge of state-specific trends in the relative household income rate of people with disabilities compared to the rest of the working population can be of assistance to state and federal policy makers and disability advocates. Such information can help track comparisons over time to assess the impact of policy and economic interventions to address such disparities. A recent report from the Cornell University Rehabilitation Research and Training Center (RRTC) for Economic Research on Employment Policy for Persons with Disabilities uses data from the March Current Population Survey (CPS) to estimate median household size-adjusted income for persons with and without a disability in the non-institutionalized working-age (aged 25 through 61) civilian population in the United States, and for each state and the District of Columbia for the years 1980 through 1998. The median household size-adjusted income of persons with a disability relative to those of persons without a disability are found to vary greatly across states. (The relative median household size-adjusted income is the median household size-adjusted income of those with disabilities as a percentage of the median household size-adjusted income of those without disabilities. The larger this number is, the closer are the median household size-adjusted incomes of those with and without disabilities.

Economic Well-Being of Farm Households

Farm subsidy programs were introduced in the 1930s largely due to concern for chronically low, and highly variable, incomes of US farm households. Today commodity-based support programs are still prominent, though income and wealth of the average farm household now exceed that of the average nonfarm households - by a large margin. Farm income continues to be highly variable, but the small set of farm households most at risk for income variability - because farm income represents more than one-third of household income - are those operating large farms. And they have substantial net worth, which cushions uncertain farm income.Farm households, household income, household wealth, household net worth, living expenses, joint income-wealth indicator, economic well-being, financial well-being, Off-farm employment, Income variability, ERS, USDA, Consumer/Household Economics,

Household expenditure on food at home in Malaysia

“Engel’s law” explains that the share of household expenditure on food typically falls as income and expenditure increase. The objectives of this study are to investigate the food expenditure patterns of different income groups and the relationships between household characteristics and expenditure patterns. Household Expenditure Survey 2004/2005 data from Department of Statistics was used to analyze the food expenditure pattern of households. An expenditure model was developed and the coefficients are estimated by Working-Leser model. The estimated results are clearly a reflection of “Engel’s law”, resulting in higher income elasticity for lower income groups than higher income groups. The share of food expenditure increases with increase in income. The results also indicate that household size, races, age of household head, level of income, and gender are the main variables related to household food expenditure pattern.Food expenditure pattern, Working-Leser, Engel’s Law, income, income elasticity

Farm Household Well-Being: Comparing Consumption- and Income-Based Measures

Household economic well-being can be gauged by the financial resources (income/ wealth) available to the household or by the standard of living enjoyed by household members (consumption). Based on responses to USDA’s annual Agricultural Resource Management Survey (ARMS), a joint effort by the Economic Research Service (ERS) and the USDA National Agricultural Statistics Service, ERS has long published estimates of farm household income and wealth. This report presents, for the first time, estimates of consumption-based measures of well-being for farm households based on new questions in ARMS. The consumption measure provides a different perspective from income or wealth on farm households’ well-being relative to that of all U.S. households.household consumption, household income, household well-being measures, farm households, self-employed households, permanent income, permanent income hypothesis., Agricultural and Food Policy, Consumer/Household Economics, Food Consumption/Nutrition/Food Safety,