ECONOMETRICS DATASETS:    Spending   Retail   Services   Income   Work   Housing

DATA ANALYTICS:      Econometrics      Identitate      Culturescape      Geodemographics

Overview of Income Revenue Sources

Incometry data provides income sources from the current 5 year American Community Survey estimates.  The dataset has been grouped by 6 income categories.

Incometry Variables by Income Categories

The Incometry variables span across these 6 income type categories:

WAGES & SALARY INCOME

Wage or salary income includes total money earnings received for work performed as an employee. It includes wages, salary, Armed Forces pay, commissions, tips, piece-rate payments, and cash bonuses earned before deductions were made for taxes, bonds, pensions, union dues, etc. The data includes the number of households who receive the income and the aggregate total amount of wage or salary income.

SELF-EMPLOYMENT INCOME

Self-employment income includes net farm income (gross receipts minus operating expenses) from the operation of a farm by a person on his or her own account, as an owner, renter, or sharecropper. Also net non-farm self-employment income (gross receipts minus expenses) from one's own business, professional enterprise, or partnership is included. Data provides Household total and aggregate totals.

INVESTMENT INCOME

Investment income includes interest, dividends, or net rental income from sources such as interest on savings or bonds, dividends from stockholdings or membership in associations, net income from rental of property to others and receipts from boarders or lodgers, net royalties, and periodic payments from an estate or trust fund. Data provides household and aggregate value totals.

RETIREMENT INCOME

Retirement income includes: (1) retirement pensions and survivor benefits from a former employer; labor union; or federal, state, or local government; and the U.S. military; (2) disability income; (3) periodic receipts from annuities and insurance; and (4) regular income from IRA and Keogh plans; (and 4) Social Security pensions and survivor benefits. Data provides household and aggregate value totals.

PUBLIC ASSISTANCE INCOME

Public assistance income includes general assistance and Temporary Assistance to Needy Families (TANF). Separate payments received for hospital or other medical care (vendor payments) are excluded. The data does include Supplemental Security Income (SSI) or noncash benefits such as Food Stamps. Data provides household and aggregate value totals.  

INCOME INEQUALITY

The GINI Index is a measure of statistical dispersion intended to represent the income distribution, and is the most commonly used measure of inequality. The most equal society will be one in which every person receives the same income (value=0); the most unequal society will be one in which a single person receives 100% of the total income and the remaining people receive none (value=1-1/N). The index shows a value from 0 to 1.