EnergyInnovation / eps-us

Energy Policy Simulator - United States
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Handle All Changes in Labor/Consumer Earnings Via I/O Model, Not Direct Assignment in Each Sector #229

Open jrissman opened 2 years ago

jrissman commented 2 years ago

Currently, Direct Change in Cash Flow by Entity includes changes in Labor/Consumer cash flow, which are heavily dominated by changes in their expenditures. There is a tiny contribution there from changes in their earnings, calculated in each separate sector. This is dwarfed by the changes in Labor/Consumer earnings calculated on the "Macroeconomic Feedbacks" sheet and is probably duplicative of some of those earnings. We might want to assign all payments within the sectors to specific ISIC codes, not to labor and consumers, if they are earnings (i.e., wages and compensation), since we handle changes in wages based on changes in Output from each ISIC Code. (We can continue to assign changes in expenditures, both energy and non-energy expenditures, to labor/consumers in each sector.)