Transitory income

From CNM Wiki
Jump to: navigation, search

Transitory income is the income that people do not expect to persist into the future; current income minus normal income. (Cf. permanent income.)

Definition

According to Macroeconomics by Mankiw (7th edition),

Transitory income. Income that people do not expect to persist into the future; current income minus normal income. (Cf. permanent income.)