permanent income hypothesis
nameDefinitions
A theory attempting to describe how agents spread consumption over their lifetimes,…
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.
The neighborhood
Vish — recursive loop
No curated loop yet for permanent income hypothesis. Loops are being traced one word at a time while the ingestion pipeline matures.
sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA