|
|
ACTION LAG: In the context of economic policies, a part of the implementation lag involving the time it takes for appropriate policies to be launched once they have been agreed to by policy makers. Another part of the implementation lag is the decision lag. For fiscal policy, this involves appropriating funds to government agencies (for government spending) or changing the tax code (for taxes) For monetary policy, this involves the buying and selling government securities in the open market. The action lag is usually shorter for monetary policy than fiscal policy.
Visit the GLOSS*arama
|
|
|
|
                           INCOME RECEIVED BUT NOT EARNED: The three types of income received but not earned (IRBNE) are Social Security payments, unemployment compensation payments, and welfare payments. These are three key transfer payments from the government sector to the household sector. The basic goal of transfer payments is to transfer a portion of the income earned by the factors of production (because they HAVE income) to other members of the household sector (who presumably NEED more income than they have). IRBNE is added to national income to derive personal income. Income received but not earned (IRBNE) is income that members of the household sector have NOT rightfully "earned" by contributing to the production of gross domestic product. Members of the household sector receive this income as transfer payments from the government sector.- Social Security Payments: Social Security payments are the other side of the Social Security system. These are payments made to qualifying elderly and disabled members of the household sector. Because the payments are NOT received as a result of any current productive activity they are income received, but not earned.
- Unemployment Compensation Payments: Unemployment compensation payments are transfer payments from the government sector to unemployed members of the household sector. Unemployment compensation payments are NOT received as a result of any current productive activity. They are income received, but not earned.
- Welfare Payments: Welfare payments are transfer payments from the government sector to poor members of the household sector. Welfare payments are NOT received as a result of any current productive activity. They are income received, but not earned.
Recommended Citation:INCOME RECEIVED BUT NOT EARNED, AmosWEB Encyclonomic WEB*pedia, http://www.AmosWEB.com, AmosWEB LLC, 2000-2021. [Accessed: September 20, 2021].
Check Out These Related Terms... | | | | | | | | | | |
Or For A Little Background... | | | | | | | |
And For Further Study... | | | | | | | | | |
Related Websites (Will Open in New Window)... | |
Search Again?
Back to the WEB*pedia
|
|
|
BROWN PRAGMATOX
[What's This?]
Today, you are likely to spend a great deal of time flipping through the yellow pages wanting to buy either a wall poster commemorating the first day of spring or a lazy Susan for you dining room table. Be on the lookout for rusty deck screws.
Your Complete Scope
This isn't me! What am I?
|
|
|
A U.S. dime has 118 groves around its edge, one fewer than a U.S. quarter.
|
|
|
"No amount of business school training or work experience can teach what is ultimately a matter of personal character. " -- Truett Cathy, Chick-fil-A Inc. founder
|
|
MP
Marginal Product
|
|
|
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.
User Feedback
|
|
