Money Illusion Under Test

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.

MoreLess

Year of publication:	2005-11
Authors:	Boes, Stefan ; Lipp, Markus ; Winkelmann, Rainer
Institutions:	Institut für Volkswirtschaftslehre, Wirtschaftswissenschaftliche Fakutät
Subject:	North-South \| cost-of-living \| subjective well-being \| fixed effects

More details

Extent:	application/pdf
Series:	SOI - Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Published in Economics Letters 94, 2007, pages 332–337 Number 0514 7 pages
Classification:	I31 - General Welfare; Basic Needs; Quality of Life ; D12 - Consumer Economics: Empirical Analysis
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005700813