Money illusion under test

Stefan Boes, Markus Lipp and Rainer Winkelmann

Much progress has been made in recent years in developing and applying a direct measure of utility using survey questions on satisfaction with income and with life in general. In this paper we apply this new type of measurement to the study of money illusion. Using data from the German Socio-Economic Panel for the years 1993 to 2003, we cannot reject the hypothesis of no money illusion. -- cost-of-living ; subjective well-being ; fixed effect

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Year of publication:	Nov. 2005
Other Persons:	Boes, Stefan (contributor) ; Lipp, Markus (contributor) ; Winkelmann, Rainer (contributor)
Publisher:	Zürich : Univ., Sozialökonomisches Inst.
Subject:	Geldillusion \| Money illusion \| Verbraucherpreisindex \| Consumer price index \| Lebensqualität \| Quality of life \| Panel \| Panel study \| Deutschland \| Germany \| 1993-2003

Extent:	Online-Ressource, 7 S., Text
Series:	Working paper. - Zürich : Sozialökonomisches Institut, Bibliothek, ZDB-ID 2100007-4. - Vol. 0514
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat reader
Other identifiers:	hdl:10419/76215 [Handle]
Classification:	I31 - General Welfare; Basic Needs; Quality of Life ; D12 - Consumer Economics: Empirical Analysis
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10003215930