Children reduce income inequality and shape inflation

Forecast Publications, Representative Households Eetu Isotalo, Ilkka Kiema, Essi Lindberg, Aila Mustonen, Juha Saarinen

In the example household calculations accompanying the autumn economic forecast, the Labour Institute for Economic Research (PT) tracks the development of income, taxes, tax-like payments, and purchasing power for seven fictitious households. Family-specific consumption baskets have been calculated for the households on the basis of consumer expenditure surveys, and the price development of these baskets describes the rate of inflation faced by each household. (AI translation)