Economists refer to the regular pattern of income variation over a person's lifetime as the:

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Economists refer to the regular pattern of income variation over a person's lifetime as the life cycle effect. This refers to the changes in income that occur as individuals move through different stages of life, such as starting out in an entry-level job, advancing in their career, and eventually retiring. The life cycle effect is an important consideration when analyzing broader economic trends and policies.

Economists Refer to the Regular Pattern of Income Variation Over