[...]... self-employment income, and asset income The change in the composition of national income over the period 1970 to 1988 is summarized in Table 1.1 Towards the end of that period employment income constituted almost 70 per cent of national income, asset income in the broad sense (which is the sum of asset income that directly accrues to households and the post-dividend private firm income) constituted 25 per cent, and. .. facts on the composition and distribution of income and wealth in Japan Using income and asset statistics at the macro level it first looks at how income and wealth are distributed over major institutional sectors of the economy such as households, firms, 4 INCOME AND WEALTH and the public sector Later, there is discussion of the distribution of income and wealth among households or individuals based on... understanding of how income and wealth are generated and distributed can increase the interest of people in general in international redistribution of income and wealth This book has eight chapters Since each chapter is discrete, the chapters can be read in any order The rest of Chapter 1 provides an overview of the current labour participation structure and the structure and distribution of income and. .. systematically how income and wealth are produced and distributed, a subject which is of fundamental importance in economic theory The distribution of income and wealth is determined in a market economy as a part of price formation Given the varied abilities and preferences and also physical resources that people possess, we may conclude that income is merely a reflection of market equilibrium and may not... corporate status Their income was thereby gradually absorbed into the categories employment income and private firm income Another notable feature is the rise in the share of household dividends and interest income This reflects a large increase in household ownership of financial assets over the period Dividend income remained almost unchanged at 0.7 per cent, however and it was only interest income that rose... All income figures are before tax ‘Other benefits’ as an item of ‘Employment income refers mainly to contribution of employers to social security and retirement benefits ‘Private firm income refers to income after receipt and payment of dividends ‘Public Sector’ refers to ‘general government’ and ‘public firm’ combined The asset income of private non-profit organizations has been added to the interest and. .. interest and dividend income of the household sector For any period its proportion (to total) is less than 0.2% Household disposable income as a percentage of total household income (= employment income + selfemployment income + asset income) for each period is 94.4%, 96.7%, 95.7%, and 95.1%, respectively Private firm disposable income (profit) as a percentage of total private firm income for each period... below the taxable income level are omitted, and second, there are several sources of under-reporting biases in income, and the fact that interest income is taxed at the source Three conditions referred to in the text are thus not met.Household surveys such as the Family Income and Expenditure Survey and the Family Saving Survey (both conducted by the Statistics Bureau, Management and Coordination Agency),... distribution of income There is the further restriction that those for whom the composition of income is observable are non-managerial workers (for the remainder, only the total annual income is reported), and also that even for this group the reported interest and dividend income is almost nil.The larger-scale National Survey of Family Income and Expenditure (Statistics Bureau, Management and Coordination... stop and also to a reduction in the share of the low -income group as well as a rise in the share of the high -income group for each of the categories: self-employed income, corporate managers' income, and asset income Moreover, factors such as an increase in the number of single INTRODUCTION 11 person households (especially among the elderly) and an increase in the number of households with both husband . research. 1.2. Income and Wealth in Japan This discussion begins by assembling the basic facts on the composition and distribution of income and wealth in Japan. Using income and asset statistics. Moreover, an understanding of how income and wealth are generated and distributed can increase the interest of people in general in international redistribution of income and wealth. This book. national income, asset income in the broad sense (which is the sum of asset income that directly accrues to households and the post-dividend private firm income) constituted 25 per cent, and self-employment