In other words, it is the household's relative income that determines its consumption spending.
The first part of this chapter detailed the significant rise in both the real and the relative income of pensioners.
This means that consumer prices increase and relative income decreases.
The study provides evidence that happiness is determined not only by relative income, but also by absolute income.
These two factors gave rise to a high relative income, which encouraged high fertility.
Due to the youth and relative low income of the students, most of the housing is rented, with some cooperatives.
Cameron accordingly doesn't know what he's talking about to be so casually dismissive of relative income.
I find it incredibly sad that the left is so obsessed with relative income.
The housing may rise in value, but people's relative incomes may not necessarily rise by the same amount.
But it is difficult to get numerical estimates for 'relative income', a concept much attacked by critics.