Subjective well-being approach for testing money illusion-evidence using data from Social Weather Stations
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...
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| Format: | text |
| Published: |
Archīum Ateneo
2017
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| Online Access: | https://archium.ateneo.edu/economics-faculty-pubs/13 https://ideas.repec.org/a/phs/prejrn/v54y2017i1p47-62.html |
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| Institution: | Ateneo De Manila University |