Arbeitspapier
Did the introduction of the euro lead to money illusion? Empirical evidence from Germany
Using the introduction of the euro as a natural experiment, we provide economy-wide evidence for money illusion based on declared donations from German administrative income tax data. Our results suggest a magnitude of the money illusion effect between 2.4% and 7.6%. Compared to previous studies on money illusion in the course of the euro currency changeover this effect size is significantly lower. We trace this back to the more comprehensive donation data in our study compared to hitherto studied face-to-face collections, which makes our results less prone to "power of the ask" and social pressure effects.
- Sprache
-
Englisch
- Erschienen in
-
Series: ZEW Discussion Papers ; No. 15-058
- Klassifikation
-
Wirtschaft
Consumer Economics: Empirical Analysis
Money and Interest Rates: General
- Thema
-
money illusion
euro introduction
charitable giving
natural experiment
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bittschi, Benjamin
Duppel, Saskia
- Ereignis
-
Veröffentlichung
- (wer)
-
Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (wo)
-
Mannheim
- (wann)
-
2015
- Handle
- URN
-
urn:nbn:de:bsz:180-madoc-397036
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Bittschi, Benjamin
- Duppel, Saskia
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Entstanden
- 2015
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