293617
293617
friartikkel
2017-02-01T08:00:00.000Z
en

Earnings or income?

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What do you earn? Is it the earnings you get in your pay packet every month or the total income last year? In everyday speech, we use wage and income interchangeably, but in the statistics, they are two completely different concepts:

 

Wages represent payment for work performed in an employment relationship. Linked to a specific time, for instance hourly wages, weekly wages or monthly salary. In wage statistics, to be able to compare earnings for full-time and part-time employees, the earnings for a part-time employee are recalculated to the earnings a full-time employee would receive. The monthly earnings are the main term in Statistics Norway’s wage statistics. Monthly earnings cover basic salaries, variable additional allowances and bonuses. Overtime pay is not included in monthly earnings. Fringe benefits, expense allowances and similar benefits are not included in the wages concept.

Income is a broader term than wages. Besides wages from work, income includes business income, investment income (such as interest and dividends) and various transfers such as pensions from social security, family allowances, sickness benefits, unemployment benefits, housing allowances and social assistance.

 

Income and wealth statistics are household statistics, which you will find here.

Tax statistics are social statistics which can be found here.

Overview page incomes and consumption.

 

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