Charity Donations and the Euro Introduction: Some Quasi-Experimental Evidence on Money Illusion
7 Pages Posted: 28 Sep 2004
Date Written: September 2004
We compare the revenues of a house-to-house collection for a charity before and after the introduction of the euro in a ceteris paribus setting. We find strong evidence of money illusion, supplementing earlier econometric, experimental, and survey evidence on its existence.
Keywords: money illusion, quasi-experiment, behavioral economics
JEL Classification: D12
Suggested Citation: Suggested Citation