Related topics: earnings

Earned income tax credit helps low-income moms live on their own

Increasing the earned income tax credit helps low-income single mothers improve their housing outcomes as they are less likely to live in crowded households and more likely to live independently, according to a University ...

Progressive climate policy poised to pass in Oregon

Oregon is on the precipice of becoming the second state after California to adopt a cap-and-trade program, a market-based approach to lowering the greenhouse gas emissions behind global warming.

Want effective policy? Ask the locals

As multinational organizations such as the United Nations strive to improve life for people across the globe through initiatives like the Sustainable Development Goals, there is a tendency to look for indicators that can ...

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Income

Income is the consumption and savings opportunity gained by an entity within a specified time frame, which is generally expressed in monetary terms. However, for households and individuals, "income is the sum of all the wages, salaries, profits, interests payments, rents and other forms of earnings received... in a given period of time." For firms, income generally refers to net-profit: what remains of revenue after expenses have been subtracted. In the field of public economics, it may refer to the accumulation of both monetary and non-monetary consumption ability, the former being used as a proxy for total income.

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