Are Chinese Individuals prone to Money Illusion?

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Tinbergen Institute Discussion Paper ; No. 11-149/4

Classification and Topics

• Classification: Wirtschaft ; Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) ; Money and Interest Rates: General
• Subject: Money illusion ; Geldillusion ; Preisstabilität ; Meinung ; Vergleich ; China ; USA

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Mees, Heleen ; Franses, Philip Hans
• Event: Veröffentlichung
• (who): Tinbergen Institute
• (where): Amsterdam and Rotterdam
• (when): 2011

Further information

• Handle: http://hdl.handle.net/10419/87454
• Last update: 10.03.2025, 11:45 AM CET