Employee compensation and labor income

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Charest

• May 30, 2011 18:51

Hello I would like to understand the difference between what is included in "labour income" vs "employee compensation". In the simulation I am performing, I obtain 61 M$ in employee compensation, which falls under VA, and 68 M$ in labor income. Can you please explain the difference ? Many thanks Caroline

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  DougO

  • May 30, 2011 22:15

  Labor Income = Employee Compensatio + Proprietor Income. Employment also includes self-employment (proprietors).

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  Charest

  • May 31, 2011 00:36

  Thank you. Are employee benefits included in labour income or are they in proprietor income or elsewhere ?

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  Charest

  • May 31, 2011 00:37

  Sorry, let me rephrase : are employee benefits included in employee compensation ?

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  DougO

  • May 31, 2011 16:25

  Yes all payroll costs including benefits and employer paid taxes are included in employee compensation.

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