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High growth in compensation of employees
Households’ disposable income was slightly lower the first quarter of 2006 compared to the first quarter of 2006. Compensation of employees was almost NOK 15 billion higher and income from dividends showed an equivalent reduction in the first quarter of 2006 compared to the first quarter of 2005.
Households' disposable income has been highly affected by extraordinary high dividend receivable in the last years. The high dividends are most likely related to an announced change in the Norwegian tax system. Since 2002, the income from dividends has been tax-free. From 2006, income from dividends above a risk-free rate of return will be taxed as ordinary income.
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Contact
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Pål Sletten
E-mail: pal.sletten@ssb.no
tel.: (+47) 99 29 06 84
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Nils Amdal
E-mail: nils.amdal@ssb.no
tel.: (+47) 91 14 91 46