[lbo-talk] GDP per capita/Dougs comments

Doug Henwood dhenwood at panix.com
Thu Jun 24 07:45:55 PDT 2004


Chris Doss wrote:


>Do you know if this is with pensioners factored in, or just people
>earning a wage? Pensioners are a big group (maybe 30% of the
>population), and they get about $40-$50 a month, which would really
>drag things down.

Pensions are part of national income, so it'd include them.

Remember, these numbers are based not on household surveys but on the national income accounts. The more "developed" a country, the lower the ratio of household income to per capita GDP (because investment, which figures in GDP but not HHI, is higher).

Doug



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