The National Income of the United Kingdom in 1924

SINCE it is agreed that the year I924 is the first post-war date for which a valid estimate of the National Income is practicable, and since estimates for pre-war and for later years will be brought into comparison with it, it is important to examine the recent valuation by Mr. Clark,' and collate it with a former estimate by Sir Josiah Stamp and the present writer.2 The annexed Table shows in sufficient detail the principal items, both of income and of occupied persons. In the sequel I means the earlier estimate, II Mr. Clark's. The total numbers occupied (I) are estimated from the Population Census of I92I, subdivided into the various classes named, so that all doubtful cases are included in one group or another (I, pp. I2, I3); by a suitable percentage addition the numbers were brought up to the date I924. In II there is no total given for I924, but the figures on II, p. I5 for I928, are consistent with the total in I. The totals of salaried persons and of other classes estimated from the census were divided in I as above or below the Income Tax exemption limit on the basis of a special enquiry and other rather rough data. In II, I gather that a similar process was used, but I cannot discover on what the aggregate numbers for I924 are based, except that it is clear that an increase of I5 per cent. in the number of salaried persons is assumed between I92I and I924 (Pp. 29 and 43), while in I it was assumed that the increase was by 2 or 3 per cent. only, in proportion to the number of wage-earners. The difference leads to more persons in 11(a) and on the other hand to more in I(d). As regards the rest of the Intermediate Class the number of Farmers (d) is taken in I much higher than in II, since the great majority of farmers who are not assessed to tax appears to justify

Actuarial science · Census · Demographic economics · Economics · Geography · Population · Sociology · Statistics · Valuation (finance) · Accounting · Demography · Mathematics · Political and Economic history of UK and US

• Collectors, class and conflict at the lower palaeolithic discovery at Stoke Newington, 1878-1884

  M White•World Archaeology•2022

  Add to list