Abstract
Wealth is ubiquitous in economic analysis; so it is not surprising that the term ‘the wealth effect’ has been used by different authors and even the same author to refer to many distinct concepts. This brief entry is concerned with only the wealth effect in terms of aggregate consumption. Even in this limited field several distinct usages must be considered.
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Darby, M.R. (2018). Wealth Effect. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1649
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DOI: https://doi.org/10.1057/978-1-349-95189-5_1649
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Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
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