恒こう常じょう所しょ得とく

noun

permanent income

Economic term referring to the long-term average income a person expects to earn, as opposed to temporary or windfall income.

• 恒こう常じょう所しょ得とく仮か説せつは、消しょう費ひが一いち時じ的てきな所しょ得とくではなく恒こう常じょう所しょ得とくに依い存ぞんすると説せつ明めいする。

  The permanent income hypothesis explains that consumption depends on permanent income rather than temporary income.