A Theory of the Consumption Function¶
Friedman, M. (1957). A Theory of the Consumption Function. Princeton University Press.
Cited by¶
2 citations across 2 artifacts.
Each citation links to the sentence it supports in the citing article.
Domain-specific¶
- Attenuation Bias
- and subsequently became a foundational concern in econometrics — Milton Friedman's permanent-income hypothesis relied explicitly on the distinction between transitory (noisy) and permanent (true) income
Supported in partVerified against the work's full text
“statement of the [permanent income] [hypothesis] in its most general form our [hypothesis] about the consumption”
- and subsequently became a foundational concern in econometrics — Milton Friedman's permanent-income hypothesis relied explicitly on the distinction between transitory (noisy) and permanent (true) income
Mechanisms¶
- Capability Reinvestment Covenant
- The honest framing anchor is the permanent income hypothesis: a transitory windfall should be treated as wealth to be converted into lasting capability, not as if it were permanent income to be spent down.
This sourceDistinguishes permanent from transitory income and treats consumption as primarily governed by permanent rather than temporary receipts.
- The honest framing anchor is the permanent income hypothesis: a transitory windfall should be treated as wealth to be converted into lasting capability, not as if it were permanent income to be spent down.
Verification¶
Does it exist? Not checked yet. This entry carries no identifier to resolve. It was extracted from the citation as written in the article, normalized, and deduplicated against the rest of the registry.
Does it back the claim? Read against the text for 1 of 2 citations: 1 supported in part. Each verdict is shown under its citation below, with what in the work backs the sentence.
Support is checked per citation rather than per work — the same source can be cited soundly in one article and wrongly in another. Per-citation recording began recently, so a citation with no recorded check is a gap in the record rather than evidence it went unchecked.
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Registry ID ref:3c994dbe99bd · see in the full table