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Employment in IMPLAN includes full-time, part-time, and seasonal workers and therefore does not represent full-time-equivalents (FTEs). IMPLAN jobs can be converted to FTEs and vice-versa using the file 536 FTE & Employee Compensation Conversion Table (2017). IMPLAN employment includes wage and salary employees as well as proprietors (self-employed individuals and unincorporated business owners). IMPLAN’s definition of […]
Employer’s social contributions are payments by employers which are intended to secure for their employees the entitlement to social benefits should certain events occur, or certain circumstances exist, that may adversely affect their employees’ income or welfare – sickness, accidents, redundancy, retirement, etc. (SNA)
Employees’ social contributions are the amounts payable by employees to social security funds and private funded social insurance schemes. (SNA)
Employee Compensation in IMPLAN is the total payroll cost of wage and salary employees to the employer. This includes wages and salaries, all benefits (e.g., health, retirement) and payroll taxes (both sides of social security, unemployment insurance taxes, etc.). Also referred to as fully-loaded payroll.
An employee is a person who enters an agreement, which may be formal or informal, with an enterprise to work for the enterprise in return for remuneration in cash or in kind. (SNA)
Economically active persons are persons engaged in production included within the boundary of production. (SNA)
Economic production is an activity carried out under the control and responsibility of an institutional unit that uses inputs of labour, capital, and goods and services to produce outputs of goods or services. (SNA)
The impact of local industries buying goods and services from other local industries. These purchases are also known as intermediate expenditures. The cycle of spending works its way backward through the supply chain until all money leaks from the local economy, either through imports or by payments to value added. The impacts are calculated by applying […]
Prior to the 2003 comprehensive NIPA revision, IBT was the name of one of the three components of value added. It consists of tax and nontax liabilities that are chargeable to business expenses when calculating profit-type incomes and of certain other business liabilities to government agencies that are treated like taxes. Thus, IBT includes taxes […]
Estimation of the dollar value of a nonmonetary or nonmarket transaction. In the calculation of the I-O accounts, a number of items are assigned imputed values. These imputations recognize specific nonmarket transactions, which if ignored, would result in erroneous accounting of the nation\’s economic activities. The largest imputations are for the rental value of owner-occupied […]
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