Money Illusion Under Test
Stefan Boes (),
Markus Lipp and
Rainer Winkelmann ()
No 514, SOI - Working Papers from Socioeconomic Institute - University of Zurich
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.
Keywords: North-South; cost-of-living; subjective well-being; fixed effects (search for similar items in EconPapers)
JEL-codes: I31 D12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (22) Track citations by RSS feed
Published in Economics Letters 94, 2007, pages 332ï¿½337
Downloads: (external link)
http://www.econ.uzh.ch/static/wp_soi/wp0514.pdf First version, 2005 (application/pdf)
Journal Article: Money illusion under test (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:soz:wpaper:0514
Access Statistics for this paper
More papers in SOI - Working Papers from Socioeconomic Institute - University of Zurich Contact information at EDIRC.
Bibliographic data for series maintained by Marita Kieser ().