naturally arises from unprecedented shocks, the theory of pseudo-wealth provides new understandings of both the origins of …

, but aggregate consumption experiences significant changes. We present a theory of pseudo-wealth—individuals' perceived …

, but aggregate consumption experiences significant changes. We present a theory of pseudo-wealth--individuals' perceived …

If people's labor-supply decisions are taken at the level of the household, it is natural to expect aggregate demand … workers out in search of work to insure against the risk of the primary worker getting unemployed (the "added worker effect … household labor supply decisions and establishes sufficient conditions for the domination of one effect over the other. A number …