Money illusion under test

被引:8
|
作者
Boes, Stefan [1 ]
Lipp, Markus [1 ]
Winkelmann, Rainer [1 ]
机构
[1] Univ Zurich, Socioecon Inst, CH-8032 Zurich, Switzerland
关键词
cost of living; subjective well-being; fixed effects;
D O I
10.1016/j.econlet.2006.06.043
中图分类号
F [经济];
学科分类号
02 ;
摘要
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. (c) 2006 Elsevier B.V. All rights reserved.
引用
收藏
页码:332 / 337
页数:6
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