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Type Working Paper
Scope Discipline-based scholarship
Title Money Illusion Under Test
Organization Unit
Authors
  • Stefan Boes
  • Markus Lipp
  • Rainer Winkelmann
Language
  • English
Institution University of Zurich
Series Name Working paper series / Socioeconomic Institute
Number No. 514
Date 2005
Abstract Text 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.
Official URL http://www.econ.uzh.ch/wp.html
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