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income
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Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. Income is difficult to define conceptually and the definition may be different across fields. For example, a person's income in an economic sense may be different from their income as defined by law.
Income is the money or resources that a person or organization gains during a specific time period, which they can then spend or save. It's an important concept because it determines how much people can consume and save, though its exact meaning can vary depending on whether you're looking at it from an economic perspective or a legal one.
AI-generated from the Wikipedia summary — may contain errors.
Research
300,324 papers- Income and cigarette price responsiveness: evidence from Vietnam.Tobacco control · 2022Nguyen A, Nguyen HTDOI: 10.1136/tc-2022-057584
- Income trajectories of families raising a child with a neurodisability.Disability and rehabilitation · 2022Rothwell DW, Lach LM, Kohen DE et al.DOI: 10.1080/09638288.2020.1811782
- Income inequality in the developing world.ReviewScience (New York, N.Y.) · 2014Ravallion MDOI: 10.1126/science.1251875
- Population health in an era of rising income inequality: USA, 1980-2015.ReviewLancet (London, England) · 2017Bor J, Cohen GH, Galea SDOI: 10.1016/S0140-6736(17)30571-8
- Growing Income-Based Inequalities in Old-Age Life Expectancy in Sweden, 2006-2015.Demography · 2021Fors S, Wastesson JW, Morin LDOI: 10.1215/00703370-9456514
- Boosting family income to promote child development.ReviewThe Future of children · 2014Duncan GJ, Magnuson K, Votruba-Drzal EDOI: 10.1353/foc.2014.0008
- Income Volatility and Parenting Styles During Hard Times.Demography · 2025Mari GDOI: 10.1215/00703370-11861157
- Income gap between male and female psychiatric nurses in China: A national survey.International nursing review · 2024Gu J, Cheng Y, Gu M et al.DOI: 10.1111/inr.12996
via PubMed
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Encyclopedic overview
22 sectionsContents
- Economic definitions
- Full and Haig–Simons income
- Factor income
- Legal definitions
- Definitions under the Internal Revenue Code
- Definition under US Case law
- Accounting definitions
- "Nonincome"
- Debt
- Psychic income
- Income growth
- Factors contributing to higher income
- Income inequality
- National Income
- Basic income
- Universal Basic Income
- Income in philosophy and ethics
- Income and health
- History
- See also
- References
- Further reading
Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. Income is difficult to define conceptually and the definition may be different across fields. For example, a person's income in an economic sense may be different from their income as defined by law.
An extremely important definition of income is Haig–Simons income, which defines income as Consumption + Change in net worth and is widely used in economics.
Excerpted from Wikipedia’s “income” article, available under the CC BY-SA 4.0 licence.
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