Permanent URL to this publication: http://dx.doi.org/10.5167/uzh-52209
Boes, Stefan; Lipp, Markus; Winkelmann, Rainer (2005). Money Illusion Under Test. Working paper series / Socioeconomic Institute No. 514, 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.
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|Item Type:||Working Paper|
|Communities & Collections:||03 Faculty of Economics > Department of Economics
Working Paper Series > Socioeconomic Institute (former)
|JEL Classification:||I31, D12|
|Deposited On:||29 Nov 2011 22:31|
|Last Modified:||09 Jul 2012 05:03|
|Series Name:||Working paper series / Socioeconomic Institute|
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