What is the difference between the relative importance of an income source in Sections 9 and 10 and a sources share of aggregate income in Section 11?
The most important difference between the two concepts is that the relative importance of an income source is based on aged units/family income of persons, while a share of aggregate income is an average over dollars. This means that the relative importance of Social Security for an aged unit is calculated by dividing each aged unit’s Social Security income by its total income. Based on the ratio of Social Security income to total income, aged units are then placed in the appropriate row of the table (0 percent of income from Social Security, 1 percent to 19 percent of income from Social Security, and so forth). Only aged units with positive total income and nonnegative earnings and asset income are included. The mean at the bottom of each panel is an average of the ratio of Social Security income to total income. The measures of relative importance of income sources in Sections 9 and 10 are designed to examine the resources available to an elderly person or aged unit. On the other han
Related Questions
- What is the difference between the relative importance of an income source in Sections 9 and 10 and a sources share of aggregate income in Section 11?
- What is the difference between the relative importance of an income source in Sections 8 and 9 and a sources share of aggregate income in Section 10?
- Is relative income of overriding importance for individuals?
