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Money Illusion: Are Economists Different?

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Author Info
Giam Pietro Cipriani () (University of Verona)
Diego Lubian () (University of Verona)
Angelo Zago () (University of Verona)

Additional information is available for the following registered author(s):

Abstract

We carried out a survey among a large group of undergraduate students of different disciplines and different years to test whether the study of economics or scientific majors influences the degree by which people are affected by money illusion. We find significant differences between first-year students, suggesting the presence of a selection bias towards money illusion in humanities students and away from it in economics and science students. In addiction, comparing economics students of different years, we do not find evidence of a learning effect.

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File URL: http://economicsbulletin.vanderbilt.edu/2008/volume1/EB-08A20001A.pdf
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Publisher Info
Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 1 (2008)
Issue (Month): 3 ()
Pages: 1-9
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:ebl:ecbull:v:1:y:2008:i:3:p:1-9

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Postal: Economics Bulletin, Department of Economics, 414 Calhoun Hall, Vanderbilt University, Nashville TN 37235, USA
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Web page: http://www.economicsbulletin.com

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Related research
Keywords: economists; learning; selection.; Money illusion;

Find related papers by JEL classification:
A2 - General Economics and Teaching - - Economic Education and Teaching of Economics
E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Cannon, Edmund & Cipriani, Giam Pietro, 2006. "Euro-Illusion: A Natural Experiment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 38(5), pages 1391-1403, August. [Downloadable!] (restricted)
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  2. Kooreman, Peter & Faber, Riemer & Hofmans, Heleen, 2004. "Charity Donations and the Euro Introduction: Some Quasi-Experimental Evidence on Money Illusion," IZA Discussion Papers 1318, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
  3. Giancarlo Marini & Alessandro Piergallini & Pasquale Scaramozzino, 2007. "Inflation bias after the Euro: evidence from the UK and Italy," Applied Economics, Taylor and Francis Journals, vol. 39(4), pages 461-470. [Downloadable!] (restricted)
    Other versions:
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This page was last updated on 2009-11-16.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.