Explore BrainMass

Explore BrainMass

    decomposing personal income into wealth income

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    I've been asked to find data on aggregate income. However, I also need to find data on labour and wealth income dis-aggregated. I assume this means find variables that could be used to represent total labour income and wealth income (to compare against total income; ie. GDP).

    What possible variables could be used? Eg. for labour could I used wages? For wealth could I use profits or interest?

    Could you include several suggestions because if I can't the data for one of the variables I'll need to use another.

    © BrainMass Inc. brainmass.com November 24, 2021, 11:27 am ad1c9bdddf

    Solution Preview

    What you are doing is decomposing personal income into wealth income (return on household savings) and wage income. If you combine this with firm investment and government expenditure and net exports you get Y=C+I+G+NX which should look familiar. Y is just GDP which is what you want to compare your personal income data to right. I used data from this ...

    Solution Summary

    Help with decomposing personal income into wealth income is achieved. The expert examines decomposing personal income into wealth income.