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by frgtpsswrdlame
3031 days ago
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>Is this net income (after taxes, and possibly after 401k [or equivalent] savings)? No, it's before tax income. Income Variables. Participants were asked to report monthly household income rather than yearly income to facilitate responding. Respondents were asked the question, “What is your total monthly household income in [local currency], before taxes? Please include income from wages and salaries, remittances from family members living elsewhere, farming, and all other sources.” Households were defined as a person’s home that had its own cooking facilities, which could have been anything ranging from a one-room flat to a single house. From the study's supplementary information: https://static-content.springer.com/esm/art%3A10.1038%2Fs415... |
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Dollars are also represented as International Dollars, which are adjusted for the local purchasing power, expressed in units equivalent to one USD in the US.