Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062144 | Economics Letters | 2007 | 6 Pages |
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Stefan Boes, Markus Lipp, Rainer Winkelmann,