Relative Income Hypothesis - MinhajMetricsHub

Tag: Relative Income Hypothesis

Macroeconomics

Permanent Income Hypothesis Explained: Friedman’s Theory of Consumption

Permanent Income Hypothesis Explained: Friedman’s Theory of Consumption Introduction Imagine two friends. One gets a surprise USD 5,000 bonus at work. The other gets a USD 5,000 permanent raise added

Muhammad Minhaj Akhtar July 14, 2026 July 14, 2026

Macroeconomics

Relative Income Hypothesis: Duesenberry’s Theory of Consumption Explained

Relative Income Hypothesis How Social Comparison Shapes Consumption Why do two families earning the exact same income spend such different amounts on consumption? Why does a household that loses part

Muhammad Minhaj Akhtar July 9, 2026 July 9, 2026