Definition: Total income and income components

Category: Social statistics

Total income is defined as the total net monetary annual income in the year prior to the survey. It covers the following components:
 - Income from work;
 - Private income;
 - Social transfers.
Source:
Eurostat, "European Community Household Panel (ECHP) - Selected indicators from the 1995 wave", Office for Official Publications of the European Communities, Luxembourg, 1999
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