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...
| Published in: | Philippine Review of Economics Vol. 54, no. 1 (Jun. 2017), pp. 47-62 |
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| Main Author: | |
| Format: | Article |
| Language: | English |
| Published: |
2017
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| Subjects: |