tag:blogger.com,1999:blog-2826531655042170344.post5794971716016146156..comments2024-03-16T12:27:45.665+00:00Comments on Economic Incentives: Implicit Tax Rate on LabourSeamushttp://www.blogger.com/profile/15679299530222667673noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2826531655042170344.post-25044274000912171082013-05-03T08:35:52.729+01:002013-05-03T08:35:52.729+01:00Thank you!Thank you!yoganmahewnoreply@blogger.comtag:blogger.com,1999:blog-2826531655042170344.post-22826660809557842322013-05-03T08:32:33.902+01:002013-05-03T08:32:33.902+01:00Hi yoganmahew,
Yes, private pension contributions...Hi yoganmahew,<br /><br />Yes, private pension contributions are just recorded as income. Social insurance contributions are recorded as income initially and the subsequently taken as a deduction. I might try and track down some figures on private pension contributions (social insurance contributions paid to the financial sector) from Eurostat's Institutional Sector Accounts.<br /><br />For 2011 in Ireland private contributions are around €4.2 billion (employee and employer contributions) compares to €10.3 billion for contributions paid to the government sector (PRSI and Public Sector Pension Contributions).<br /><br />See table here with social contributions paid broken down by sector.<br /><br /><a href="http://economic-incentives.blogspot.ie/2012/11/flows-in-household-sector.html" rel="nofollow">http://economic-incentives.blogspot.ie/2012/11/flows-in-household-sector.html</a>Seamushttps://www.blogger.com/profile/15679299530222667673noreply@blogger.comtag:blogger.com,1999:blog-2826531655042170344.post-41255023359352466062013-05-02T19:16:38.562+01:002013-05-02T19:16:38.562+01:00In a country with a high proportion of private pen...In a country with a high proportion of private pensions, employer/employee contribution is treated as income. In a country with a high proportion of state pension, it is treated as a tax.<br /><br />Do I understand that right?<br /><br />If so, it seems to make the comparisons laughable.yoganmahewnoreply@blogger.com