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.

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Year of publication:	2005
Authors:	Boes, Stefan ; Lipp, Markus ; Winkelmann, Rainer
Publisher:	Zurich : University of Zurich, Socioeconomic Institute
Subject:	Geldillusion \| Verbraucherpreisindex \| Lebensqualität \| Panel \| Deutschland \| cost-of-living \| subjective well-being \| fixed effect

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Series:	Working Paper ; 0514
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	504273795 [GVK] hdl:10419/76215 [Handle]
Classification:	I31 - General Welfare; Basic Needs; Quality of Life ; D12 - Consumer Economics: Empirical Analysis
Source:	EconStor

Persistent link: https://www.econbiz.de/10010315573