Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/87454
Authors: 
Mees, Heleen
Franses, Philip Hans
Year of Publication: 
2011
Series/Report no.: 
Tinbergen Institute Discussion Paper 11-149/4
Abstract: 
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.
Subjects: 
Money illusion
JEL: 
E30
E40
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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