Definition: Secondary distribution of income
The secondary distribution of income includes current transfers which are "a transaction in which one institutional unit (e.g. household or government authority) provides a good, service or asset to another unit without receiving from the latter any good, service or asset in return as counterpart". More precisely, current transfers include:
- Current taxes on income, wealth, etc.
- Social contributions and benefits;
- Other current transfers.
Eurostat, "Household budget surveys in the EU - Methodology and recommendations for harmonization 1997", Office for Official Publications of the European Communities, Luxembourg, 1997