Life-cycle hypothesis (生命周期假说 shēngmìng zhōuqī jiǎshuō) refers to the economic theory that individuals seek to maintain a stable level of consumption over their lifetime. People borrow in times of low-income and save when income is high. For instance, an individual may have a student loan when he is young, and pay off the loan during working age while saving for the maintaining of the level of consumption after retiring from work.
- 期 (qī) as in date (日期 rìqī) or deadline (期限 qīxiàn).
- Cycle (周期 zhōuqī) as in menstrual cycle (生理周期 shēnglǐ zhōuqí).
- 假 (jiǎ) as in assume (假设 jiǎshè).
- Hypothesis (假说 jiǎshuō) as in the evolutionary hypothesis (进化假说 jìnhuà jiǎshuō).
Life-cycle hypothesis (生命周期假说 shēngmìng zhōuqī jiǎshuō) word examples:
- Product life cycle (产品生命周期 chǎnpǐn shēngmìng zhōuqī).