1. This is why economic income is sometimes called permanent income, and it is also why economic earnings and dividends are equivalent.

2. Professor Taylor looks at Friedman's work on the permanent income hypothesis and on far-sighted expectations, as well as his study on both monetary matters and history.

3. Those with a higher permanent income (education, household assets) are more likely to have a computer at home, but there is no effect of transitory income (unemployment).

4. It is better to have a permanent income than to be attractive.

5. It is permanent income rather than transient income that has a decisive impact on Chinese residents' consumption-savings behavior.

6. We knew this from Milton Friedman's permanent income hypothesis, or even from good old Keynesian multiplier theory.

7. It is better to have a permanent income than to be fascinating.

8. Hansen, L. , T. Sargent, T. Tallarini. "Robust Permanent Income and Pricing. " Mimeo. Chicago, 1999.

9. So the Slim family's permanent income equals the current incomes of 3m of Mexico's poorest people.

10. Rural residents'consumption depends primarily on permanent income but has weak sensitivity of the temporary income. Permanent income elasticity and temporary income elasticity are 0.712 and 0.143.

11. Second this paper reviews the life cycle and permanent income hypothesis and analysis the stock market wealth effect from behavioral finance, psychology points systematically.

12. Or perhaps more sophisticated methods are applied along the lines suggested by Friedman's permanent income hypothesis.

13. First, the Keynesian function includes current national income, whereas Friedman is using permanent income as a proxy for total wealth.

14. The author assumes that the consumers make consumption decision according to their wealth target and permanent income, then builds econometric models consequently.

15. Ming was also attracted by the scenic spots to the town. But he had little money and did not have a permanent income, so he rented a cheap house after he arrived.

16. This paper examines households' consumption behavior in China. It emphasizes that the life cycle permanent income hypothesis cannot properly explain Chinese households' consumption.