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Estimating Compensation of Employees Based on Taxation Data

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  • Hiroyuki Fujiwara
  • Yasutaka Ogawa

Abstract

In this paper, we develop a novel approach to estimate the compensation of employees as a portion of Japan's gross domestic income. The methodology is characterized by its extensive use of comprehensive taxation data, and all data used is publicly available. Our estimates turn out to be larger than the numbers in the official statistics, and the difference has been widening in recent years. In addition, the discrepancy of the two estimates for net lending/borrowing between non‐financial and financial transactions accounts (in theory, they should be the same) shrinks when the former is recalculated based on our estimates, both for households and for corporations.

Suggested Citation

  • Hiroyuki Fujiwara & Yasutaka Ogawa, 2018. "Estimating Compensation of Employees Based on Taxation Data," The Japanese Economic Review, Japanese Economic Association, vol. 69(4), pages 394-413, December.
    • Handle: RePEc:bla:jecrev:v:69:y:2018:i:4:p:394-413
    DOI: 10.1111/jere.12158
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    Cited by:

    1. Sekine, Toshitaka, 2022. "Looking from Gross Domestic Income: Alternative view of Japan’s economy," Japan and the World Economy, Elsevier, vol. 64(C).
    2. Saito, Makoto, 2022. "On expenditure/income discrepancies in national accounts in the presence of two price units," Japan and the World Economy, Elsevier, vol. 64(C).

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