Labor Income -

Hi Steve, Sorry it took so long to get back to you with this. We take out savings, and we also take out the income earned by in-commuters. To answer the question in your spreadsheet: IMPLAN’s SAM includes all of these types of Personal Income (dividend, interest, rental, and transfers); however, they are not included in the Labor Income impacts, as they are not a part of Labor Income. Please let us know if you have any additional questions.

Here is some additional information that may also be helpful. Inter-institutional transfers have no bearing on impact results except for the households columns (households' payments to governments that will show up in the tax impact report and will affect how much they spend on commodities). Households' savings (payments to Capital) will also affect how much they spend on commodities. So savings will affect the induced effects, by reducing the amount of spent on commodity purchases.

So in terms of labor income, IMPLAN counts wages and salaries, proprietors’ income, directors’ fees,and employer contributions for health insurance. Does that constitute the total? This looks like the aggregated dollars that a household can spend (In which case it would be equivalent to RIMS2.

The RIMS - IMPLAN comparison table was written a few years ago, so if RIMS has since changed their definitions/methodology, then that is not reflected in the paper. As far as we know, RIMS does not include Proprietor Income as part of Labor Income, so you may want to confirm that with them. Also, we were not aware of RIMS taking out savings or commuters when "spending" the Labor Income - again, you may want to confirm this with them. We do believe that their definition of Employee Compensation is the same as ours. This does not only include employer-paid contributions to health insurance but all of the following: -Wages and Salary -Employer-paid and employee-paid payroll taxes, which includes social security taxes, unemployment insurance taxes, and Medicaid/Medicare taxes -Any other benefits (e.g., childcare, private retirement) Thanks, please let us know if you have additional concerns.