permanent income hypothesis
permanent income hypothesis proper noun: 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.
Proper noun
the permanent income hypothesis
- 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.
- Synonyms:
- PIH
Synonyms of permanent income hypothesis
Questions about permanent income hypothesis
- What does permanent income hypothesis mean?
- Permanent income hypothesis means 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.
- What part of speech is permanent income hypothesis?
- Permanent income hypothesis is a proper noun.
Words near permanent income hypothesis in the dictionary
Source and license
Adapted from Wiktionary: permanent income hypothesis (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
Last updated:
Cite this entry: “permanent income hypothesis.” Word.ws, https://word.ws/permanent_income_hypothesis. Based on Wiktionary, CC BY-SA 4.0.
