Subjective well-being approach for testing money illusion-evidence using data from Social Weather Stations

• 主要作者: Beja, Edsel L, Jr
• 格式: text
• 出版: Archīum Ateneo 2017
• 主題: Economics
• 在線閱讀: https://archium.ateneo.edu/economics-faculty-pubs/13; https://ideas.repec.org/a/phs/prejrn/v54y2017i1p47-62.html

This paper tests money illusion using measures of subjective well-being, nominal income, and price. It tests the hypothesis that there is no money illusion in the sense that proportional changes in both nominal income and price do not bring about a change in subjective well-being. The study uses foo...