Change the wage ratio or income

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3 comments

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    IMPLAN Support
    Hi Allen, Thank you for your Forum post. Yes, you can change per worker income for each industry in IMPLAN. You can do so by going to Customize > Study Area Data > Edit the values you would like to see changed for an industry you are interested in. The article attached walks you through the process and gives you in-depth understanding of the study area customize feature- http://support.implan.com/index.php?option=com_content&view=article&layout=edit&id=409 Please let us know if you have any additional questions. Regards, IMPLAN Staff
  • Avatar
    plumsh
    Thanks for your reply. Theoretically, the employment will be changed as the wage changes. Is possible IMPLAN can automatically change the employment when I offer a new wage based on the underlying production function? What I want to do is to compared the impact before and after I give new wages. Thanks, Allen
  • Avatar
    IMPLAN Support
    Hello Allen, Each industry in IMPLAN has an Output Per Worker ratio based on the employment for the industry in the region and the Output for the industry in the region (Output/Employment). If you don't feel that the Output Per Worker value would also change, then you could run two different impacts on the same industry (use two different activities and scenarios). 1. Enter your known old total Employee Compensation as your first Event input (EC: wage and salary, benefits, employer paid payroll taxes, and employee paid payroll taxes). The EC to Output ratio will determine what Industry Sales would be equal that EC value. Employment will be based on the Output Per Worker ratio for the industry. 2. Enter your known new total Employee Compensation as your first Event input (EC: wage and salary, benefits, employer paid payroll taxes, and employee paid payroll taxes). The EC to Output ratio will determine what Industry Sales would be equal that the new EC value. Employment will be based on the Output Per Worker ratio for the industry. Note that the above method does not require you to modify the study area data. If you know that Industry Production/Sales will remain the same but wages will change, then you will need to use the same Industry Sales value in both impacts and will need to determine the employment change through other means. Regards, IMPLAN Staff

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