Permanent income
Revision as of 18:16, 2 July 2020 by Kainat9 (talk | contribs) (Created page with "Permanent income is income that people expect to persist into the future; normal income. (Cf. transitory income.) ==Definition== According to Macroeconomics by Mankiw (...")
Permanent income is income that people expect to persist into the future; normal income. (Cf. transitory income.)
Definition
According to Macroeconomics by Mankiw (7th edition),
- Permanent income. Income that people expect to persist into the future; normal income. (Cf. transitory income.)
