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Support #742

Income

Added by gloria gennaro over 3 years ago. Updated over 3 years ago.

Status:
Closed
Priority:
Urgent
Category:
Income
Target version:
-
Start date:
03/10/2017
Due date:
% Done:

100%

Estimated time:

Description

I need to build a gross annual labor income variable and a gross weekly labor income variable. These should be comparable with Nomis annual survey of hours and earnings by geographic districts.
Is this possible?
How do I take into account the different sources of income in Understanding Society?
Should I consider fimnlabgrs_dv and multiply it by 12?
Nomis has only weekly or annual measures

History

#1 Updated by Victoria Nolan over 3 years ago

  • Status changed from New to In Progress
  • % Done changed from 0 to 10
  • Private changed from Yes to No

Dear Gloria,

Many thanks for your enquiry. I have paassed this on to our income team who are looking into it for you.

Best wishes, Victoria.

On behalf of the Understanding Society data user support team

#2 Updated by Victoria Nolan over 3 years ago

  • Status changed from In Progress to Feedback
  • Assignee changed from Victoria Nolan to gloria gennaro
  • % Done changed from 10 to 90

Dear Gloria,

The Understanding Society measure of labour income is a current measure. It asks for the “usual” amounts of labour income for those that did paid work last week (we convert this to a monthly equivalent). Multiplying this by 12 to get an annual estimate assumes that an individual’s earnings and employment status does not change throughout the year – but clearly some groups do have volatile incomes – so be careful here.

The relevant variables are:

w_inc1lab – net monthly personal
w_fimnlabgrs_dv –gross monthly personal

You asked “How do I take into account the different sources of income in Understanding Society?”. We produce total individual income variables that go beyond a measure of labour income to also include state benefits, unearned income and investment income. These are:

w_fimngrs_dv -Gross monthly personal income
w_netinc1 –net monthly personal income

For more details consult the Understanding Society User Guide starting page 88. https://www.understandingsociety.ac.uk/documentation/mainstage

Best wishes, Victoria

On behalf of the Understanding Society Data User Support Team

#3 Updated by Victoria Nolan over 3 years ago

  • Status changed from Feedback to Closed
  • % Done changed from 90 to 100

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