Economics Dictionary of ArgumentsHome
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| Permanent Income Hypothesis - Economics Dictionary of Arguments | |||
| Permanent Income Hypothesis: The Permanent Income Hypothesis, developed by Milton Friedman, suggests that people base their consumption not on current income but on their expected long-term average income. Temporary income changes have little effect on spending, while changes in expected permanent income significantly influence consumption behavior. See also Income, Inflation, Saving, Consumption._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
|---|---|---|---|
| Friedman, Milton | Permanent Income Hypothesis | Friedman, Milton | |
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Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ed. Martin Schulz, access date 2026-01-19 | |||
