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Money illusion under test


Boes, Stefan; Lipp, Markus; Winkelmann, Rainer (2006). Money illusion under test. Economics Letters, 94(3):332-337.

Abstract

We propose a test for the presence of money illusion based on subjective survey information on individual satisfaction with income. Using data from the German Socio-Economic Panel for the period 1993–2003, we cannot reject the null hypothesis of no money illusion.

We propose a test for the presence of money illusion based on subjective survey information on individual satisfaction with income. Using data from the German Socio-Economic Panel for the period 1993–2003, we cannot reject the null hypothesis of no money illusion.

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2 citations in Web of Science®
2 citations in Scopus®
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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Language:English
Date:13 December 2006
Deposited On:11 Feb 2008 12:21
Last Modified:05 Apr 2016 12:17
Publisher:Elsevier
ISSN:0165-1765
Publisher DOI:10.1016/j.econlet.2006.06.043
Permanent URL: http://doi.org/10.5167/uzh-1238

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