permanent income hypothesis en · PROPN
Meanings
- A theory attempting to describe how agents spread consumption over their lifetimes, supposing that a person's consumption at a point in time is determined not just by their current income but also by their expected income in future years, which is seen as the driver of change.
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| the permanent income hypothesis | canonical | lexicographic |