compensating variation in income

简明释义

收入补偿变量

英英释义

例句

1.When assessing welfare programs, policymakers often consider the compensating variation in income to ensure that assistance meets actual needs.

在评估福利项目时，政策制定者通常会考虑收入的补偿变动，以确保援助满足实际需求。

2.The study showed that the compensating variation in income for low-income households was significantly higher than for wealthier ones after the price surge.

研究表明，在价格激增后，低收入家庭的收入的补偿变动显著高于富裕家庭。

3.To determine the impact of a tax hike, economists calculate the compensating variation in income required to keep consumers at their original utility level.

为了确定税收增加的影响，经济学家计算了保持消费者在原有效用水平所需的收入的补偿变动。

4.After the price increase of essential goods, the government provided a subsidy equal to the compensating variation in income to help families cope with the higher costs.

在基本商品价格上涨后，政府提供了一笔补贴，等于收入的补偿变动，以帮助家庭应对更高的费用。

5.The compensating variation in income can help economists understand how much money individuals would need to maintain their standard of living after a price change.

通过收入的补偿变动，经济学家可以理解个人在价格变化后维持生活水平所需的金额。

作文

In the field of economics, understanding the concept of compensating variation in income is crucial for analyzing how individuals respond to changes in their economic circumstances. This term refers to the amount of money that would need to be added to or subtracted from a person's income to maintain their level of utility or satisfaction after a change in prices or income. Essentially, it measures the compensation required to offset the effects of a price change on an individual's well-being.For instance, consider a scenario where the price of basic necessities such as food and housing increases significantly. A household that previously managed to meet its needs may find itself struggling to maintain the same standard of living. In this case, the compensating variation in income helps us determine how much additional income would be necessary for the household to achieve the same level of satisfaction as before the price increase.To illustrate further, let's take a practical example. Imagine a single parent who works full-time but faces a sudden rise in rent costs. Before the increase, they were able to afford their apartment while still saving a small amount each month. However, with the new rent, they might have to cut back on other essentials like groceries or childcare, which ultimately affects their quality of life. Economists would use the concept of compensating variation in income to calculate how much extra income this single parent would need to maintain their previous level of utility, allowing them to cover the increased rent without sacrificing other essential expenditures.Moreover, the compensating variation in income can also be applied in scenarios involving taxation or subsidies. For example, if a government decides to impose a new tax on sugary drinks to promote healthier consumption, the impact on consumers’ budgets can be analyzed through this lens. By estimating the compensating variation in income, policymakers can understand how much financial relief or support would be needed to ensure that consumers do not suffer a decrease in their overall satisfaction due to the tax.Understanding this concept is not only important for individual households but also for businesses and governments. For businesses, knowing how changes in prices affect consumer behavior can inform pricing strategies and marketing approaches. For governments, being aware of the compensating variation in income allows for better policy-making that aims to enhance social welfare and reduce inequality. In conclusion, the concept of compensating variation in income serves as a vital tool in economics for assessing the impact of price changes on individual utility. By quantifying the necessary adjustments in income, economists can provide valuable insights into consumer behavior, inform policy decisions, and ultimately contribute to a more equitable economic environment. As we navigate an ever-changing economic landscape, grasping this concept will empower us to make informed choices and advocate for policies that promote fairness and well-being across society.

在经济学领域，理解“补偿性收入变动”的概念对于分析个人如何应对经济环境变化至关重要。这个术语指的是在价格或收入发生变化后，为了维持个人的效用或满意度，需要添加或减少的金额。它本质上衡量的是抵消价格变化对个人福祉影响所需的补偿。例如，考虑一个基本生活必需品如食品和住房价格显著上涨的情境。一个家庭之前能够满足其需求，但现在可能会发现难以维持相同的生活水平。在这种情况下，“补偿性收入变动”帮助我们确定为了让家庭达到与价格上涨前相同的满意度，需要多少额外的收入。进一步说明，让我们举一个实际的例子。想象一下，一个全职工作的单亲家长，突然面临租金上涨。在涨价之前，他们能够负担得起自己的公寓，同时每月还能存下一小笔钱。然而，随着新租金的到来，他们可能不得不削减其他基本开支，如杂货或儿童保育，这最终会影响他们的生活质量。经济学家会使用“补偿性收入变动”的概念来计算这位单亲家长需要多少额外的收入，以保持其先前的效用水平，从而能够支付增加的租金，而不牺牲其他必要支出。此外，“补偿性收入变动”还可以应用于涉及税收或补贴的情境。例如，如果政府决定对含糖饮料征收新税以促进更健康的消费，对消费者预算的影响可以通过这一视角进行分析。通过估算“补偿性收入变动”，政策制定者可以了解需要多少财务救助或支持，以确保消费者不会因税收而遭受整体满意度的下降。理解这一概念不仅对个体家庭重要，对企业和政府也同样重要。对于企业而言，了解价格变化如何影响消费者行为可以为定价策略和市场营销方法提供信息。对于政府而言，意识到“补偿性收入变动”可以使政策制定更加有效，旨在提高社会福利并减少不平等。总之，“补偿性收入变动”的概念作为经济学中评估价格变化对个人效用影响的重要工具。通过量化收入的必要调整，经济学家可以提供有价值的见解，帮助政策决策，并最终促进更公平的经济环境。在我们应对不断变化的经济格局时，掌握这一概念将使我们能够做出明智的选择，并倡导促进社会公平和福祉的政策。