Anti-Inflation Policy Benefits the Poor: Evidence from Subjective Well-Being Data

Arbeitspapier

Using subjective well-being data for more than 91,000 individuals in 30 OECD countries, 1990-2008, we study how people's implicit aversion towards inflation varies with income and other socio-economic characteristics. While inflation aversion decreases with income, it increases with the education level. Contrary to previous findings using statedpreferencemethods, these relationships apply not only to absolute inflation aversion, but also to the aversion towards inflation relative to unemployment. These results survive several robustness checks. The differing results concerning the roles of income and education suggest that different dimensions of being disadvantaged influence the well-being effects of inflation in different ways.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Oldenburg Discussion Papers in Economics ; No. V-343-11

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Price Level; Inflation; Deflation ; Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity ; General Welfare; Well-Being ; Measurement and Analysis of Poverty
• Thema: inflation ; unemployment ; poverty ; social incidence ; subjective well-being

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Welsch, Heinz ; Kühling, Jan
• Ereignis: Veröffentlichung
• (wer): University of Oldenburg, Department of Economics
• (wo): Oldenburg
• (wann): 2011

Weitere Informationen

• Handle: http://hdl.handle.net/10419/105031
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ