Are Chinese Individuals prone to Money Illusion?

Using a unique dataset collected through a well-established survey, which was carried out in China, we examine whether Chinese individuals are prone to money illusion. In contrast to the outcomes for US individuals, we find that the Chinese are more likely to base decisions on the real monetary value of economic transactions. We put these observed differences in findings in perspective by comparing the economic conditions in the US and China.

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Year of publication:	2011
Authors:	Mees, Heleen ; Franses, Philip Hans
Publisher:	Amsterdam and Rotterdam : Tinbergen Institute
Subject:	Geldillusion \| Preisstabilität \| Meinung \| Vergleich \| China \| USA \| Money illusion

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Series:	Tinbergen Institute Discussion Paper ; 11-149/4
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	739336614 [GVK] hdl:10419/87454 [Handle] RePEc:dgr:uvatin:20110149 [RePEc]
Classification:	E30 - Prices, Business Fluctuations, and Cycles. General ; E40 - Money and Interest Rates. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10010326436