Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/102308 
Erscheinungsjahr: 
2014
Schriftenreihe/Nr.: 
Diskussionspapier No. 143
Verlag: 
Helmut-Schmidt-Universität - Universität der Bundeswehr Hamburg, Fächergruppe Volkswirtschaftslehre, Hamburg
Zusammenfassung: 
Are preferences exogenously given? Or do individual tastes and values evolve endogenously within a particular socio-economic environment? In this paper, we make use of a natural experiment to analyse the role of inflation experiences and institutions in the formation of individual inflation preferences. In particular, we exploit the division of post-war Germany to investigate to what extent the factual non-experience of inflation and 40 years of Communism have affected inflation preferences in East and West Germany. We find that historical experiences have a significant and long-lasting effect on people's preferences. Due to their specific political and economic background, East Germans are significantly more inflation averse than West Germans, even 20 years after reunification.
Schlagwörter: 
endogenous preferences
inflation aversion
natural experiment
Germany
JEL: 
E02
E31
P22
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
19.2 MB





Publikationen in EconStor sind urheberrechtlich geschützt.