Regional accounts; transactions of the sector households 1995-2011

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Description topics

Transactions in mln euro

Change in the components of property (assets and liabilities) of the Dutch households. Amounts in million euro.

Primary distribution of income account

The allocation of primary income account describes the distribution of
value added over all participants (i.e. the suppliers of the production
factors labour and capital) in the production process.

Resources

Transactions received.

Mixed income (net)

Net mixed income is the operating surplus (excluding consumption of fixed
capital) that remains after deducting from the value added at basic prices the compensation of employees and the balance of other taxes and subsidies on production. The operating surplus of family enterprises is called mixed income, because it also contains compensation for work by the owners and their family members. Operating surplus also consists, in the case of households, of the operating surplus from housing services produced for own consumption by owner-occupiers.

Compensation of employees

Compensation of employees is the total remuneration paid by employers
to their employees in return for work done. Employees are all residents
and non-residents working in a paid job. Managing directors of limited
companies are considered to be employees; therefore their salaries are
also included in the compensation of employees. The same holds for
people working in sheltered workshops. Compensation of employees is distinguished between wages and salaries and employers’ social contributions.

Property income

Interest + Dividends + Withdrawals from income of quasi-corporations +
Reinvested earnings on foreign direct investments +
Income from land and subsoil assets.

Uses

Transactions paid.

Property income

Interest + Withdrawals from income of quasi-corporations + Income from land and subsoil assets.

Primary income (net)

All income a resident sector receives for participating directly in the production process and due to ownership of assets. Or for making the material non-produced asset available to another institutional unit.
+Mixed income (net)
+Compensation of employees
+Property income

Secondary distribution of income account

The distribution of secondary income account shows the redistribution of
income.

Resources

Transactions received.

Primary income (net)

All income a resident sector receives for participating directly in the production process and due to ownership of assets. Or for making the material non-produced asset available to another institutional unit.
+Mixed income (net)
+Compensation of employees
+Property income

Social benefits

Social benefits are transfers to households, intended to relieve them
from the financial burden of a number of risks or needs, such as
sickness, invalidity, disability, old age, survivors and unemployment.
Social benefits are classified in social security benefits, social
assistance benefits, private social benefits (o.w. pension benefits)
and unfunded employee social benefits.

Other current transfers

Other current transfers (resources) consist of Imputed social contributions, Non-life insurance claims and Other current transfers
n.e.c.
Imputed social contributions (self-employed).
Imputed social contributions represent the counterpart to the 'unfunded
employee social benefits' (less any employees' social contributions) paid directly by employers (self-employed) to their (former) employees.
Non-life insurance claims.
Non-life insurance claims represent the amounts which insurance
enterprises are obliged to pay in settlement of injuries or damage as a result of fires, floods, crashes, collisions, sinking's, theft, violence,
accidents, sickness, etc. These are paid for by residential and non-residential insurance companies to residential and non-residential policyholders.
Other current transfers n.e.c.
This transaction includes all transactions not mentioned before, that are
not capital transfer. This concerns particularly the current transfers
within the households.

Uses

Transactions paid.

Current taxes on income and wealth

Current taxes on income and wealth of households include all taxes,
which are periodically imposed on income and wealth, such as the
income tax, the wage tax, and the tax on net wealth of individuals.
Non-periodical levies, such as inheritance tax are defined as capital
transfers.

Social contributions

Social contributions include social security contributions, private social
contributions (o.w. contributions to pension schemes) and imputed social
contributions. Employers, employees, self-employed persons and inactive
persons pay these contributions.
Actually, the employers' part is paid directly to the insurers.
However, in the national accounts, the employers' contributions are
supposed to be part of primary income of households (i.e. the income
from direct participation in the production process). Therefore, in first
instance these contributions are treated as payments by employers to
households as compensation of employees, who are deemed to pay
them to the insurers in the income account.

Other current transfers

Other current transfers (uses) consist of:
Unfunded employee social benefits, Non-life insurance premiums and
Other current transfers n.e.c.
Unfunded employee social benefits.
These social benefits are directly paid by employers (self-employed)
to their (former) employees, without involving any social security fund. This includes payment during illness.
Non-life insurance premiums.
Non-life insurance premiums provide cover against damage as a result of fires, floods, crashes, collisions, sinking's, theft, violence, accidents, sickness, etc. These are paid for by residential and non-residential insurance companies to residential and non-residential policyholders. As the compensation of insurance services of non-life insurance enterprises is calculated by subtracting the claims from the premiums(actual premiums and premium supplements), it follows that the total non-life insurance premiums must equal the total non-life insurance claims of the insurance enterprises.
Other current transfers n.e.c.
This transaction includes all transactions not mentioned before, that are
not capital transfer. This concerns particularly the current transfers
within the household.

Disposable income (net)

Disposable income is the income which remains after the redistribution of primary income by compulsory or non-compulsory current transfers, such as taxes on income and property, social contributions and social benefits. Net in this case means excluding consumption of fixed capital. In practice this mainly influences the income of the self-employed.
Households could use disposable income for consumption and savings
Secondary income\ Disposable income
+Primary income
+Social benefits
+Other current transfers (net)
-Taxes on income and property
-Social contributions