relative income hypothesis

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• Relative income hypothesis — Developed by James Stemble Duesenberry, the relative income hypothesis states that an individual’s attitude to consumption and saving is dictated more by his income in relation to others than by abstract standard of living. So an individual is… …   Wikipedia

• Absolute income hypothesis — The Absolute Income Hypothesis in economics was proposed by English economist John Maynard Keynes (1883 ndash;1946), and has been refined extensively during the 1960s and 1970s, notably by American economist James Tobin (1918 ndash;2002).The… …   Wikipedia

• Income — This article is about theoretical attempts to define income. For its definition in United States law, see Income (United States legal definitions). Income is the consumption and savings opportunity gained by an entity within a specified time… …   Wikipedia

• income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… …   Universalium

• Bernoulli's Hypothesis — Hypothesis proposed by mathematician Daniel Bernoulli that expands on the nature of investment risk and the return earned on an investment. Bernoulli stated that an investor s acceptance of risk should incorporate not only the possible losses… …   Investment dictionary

• Linder hypothesis — The Linder hypothesis is a conjecture in economics about international trade patterns. The hypothesis is that the more similar are the demand structures of countries the more they will trade with one another. Further, international trade will… …   Wikipedia

• Expected utility hypothesis — In economics, game theory, and decision theory the expected utility hypothesis is a theory of utility in which betting preferences of people with regard to uncertain outcomes (gambles) are represented by a function of the payouts (whether in… …   Wikipedia

• Efficient-market hypothesis — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

• Male–female income disparity in the United States — Main article: Gender pay gap Median weekly earnings of full time wage and salary workers, by sex, race, and ethnicity, 2009.[1] Male–female income diference, also referred to as the gender gap in earnings in t …   Wikipedia

• Теория относительного дохода — RELATIVE INCOME HYPOTHESIS Концепция, исследующая приоритетность относительного дохода по сравнению с реальным. При данном уровне реального дохода человек может быть относительно беден в богатом обществе, но относительно богат в бедном обществе.… …   Словарь-справочник по экономике

• Consumption function — In economics, the consumption function is a single mathematical function used to express consumer spending. It was developed by John Maynard Keynes and detailed most famously in his book The General Theory of Employment, Interest, and Money. The… …   Wikipedia