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Are Chinese Individuals Prone to Money Illusion?


Heleen Mees


affiliation not provided to SSRN

Philip Hans Franses


Erasmus University Rotterdam (EUR) - Department of Econometrics
October 14, 2011

Tinbergen Institute Discussion Paper No. 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.

Number of Pages in PDF File: 30

Keywords: money illusion

JEL Classification: E30, E40

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Date posted: October 17, 2011  

Suggested Citation

Mees, Heleen and Franses, Philip Hans, Are Chinese Individuals Prone to Money Illusion? (October 14, 2011). Tinbergen Institute Discussion Paper No. 11-149/4. Available at SSRN: http://ssrn.com/abstract=1945090 or http://dx.doi.org/10.2139/ssrn.1945090

Contact Information

Heleen Mees (Contact Author)
affiliation not provided to SSRN ( email )
Philip Hans Franses
Erasmus University Rotterdam (EUR) - Department of Econometrics ( email )
P.O. Box 1738
3000 DR Rotterdam
Netherlands
+31 10 408 1278 (Phone)
+31 10 408 9162 (Fax)
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