TERMIUM Plus®

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RELATIVE INCOME HYPOTHESIS [1 record]

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Record 1 2024-02-14

English

Subject field(s)
  • Economics
  • Economic and Industrial Sociology
CONT

The relative income hypothesis ... states that [individuals' attitudes] to consumption and saving is dictated more by [their] income in relation to others than by [an] abstract standard of living. The percentage of income consumed by [individuals] depends on [their] percentile position within the income distribution.

French

Domaine(s)
  • Économique
  • Sociologie économique et industrielle

Spanish

Campo(s) temático(s)
  • Economía
  • Sociología industrial y económica
DEF

Teoría acerca del consumo y del ahorro que sugiere que los individuos están más preocupados con su ingreso relativo respecto a otras personas, que su propio nivel de vida absoluto.

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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