Fungibility, Labels, and Consumption

Fungibility of money is a central principle in economics. It implies that any unit of money is substitutable for another and that the composition of income is irrelevant for consumption. We find in a field experiment that even in a simple, incentivized setup many subjects do not treat money as fungible...

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Year of publication:	2008-05-01
Authors:	Abeler, Johannes ; Marklein, Felix
Institutions:	Forschungsinstitut zur Zukunft der Arbeit <Bonn>
Subject:	Sachbezug \| Feldexperiment

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Extent:	361472 bytes 46 p. application/pdf
Series:	Universität Bonn - Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA) - Discussion Papers in 2008 Discussion Paper ; 3500 (2008)
Type of publication:	Book / Working Paper
Language:	English
Classification:	C91 - Laboratory, Individual Behavior ; C93 - Field Experiments ; D1 - Household Behavior and Family Economics ; H31 - Household ; I38 - Government Policy; Provision and Effects of Welfare Programs ; Consumer behaviour ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005859656