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dc.contributor.authorBelow, Łukasz
dc.date.accessioned2023-07-31T10:02:38Z
dc.date.available2023-07-31T10:02:38Z
dc.date.issued2023-03
dc.identifier.citationBelow Ł., Does inflation matter? The influence of perceived price changes on well-being, SGH KAE Working Papers, 2023, nr 2023/086, s. 1-29en
dc.identifier.urihttp://hdl.handle.net/20.500.12182/1145
dc.description.abstractI confirm the foregoing state of the art for inflation and well-being correlation while filling the gap in the literature and estimating the effects of individuals’ inflation perception on well-being. I also discover the significant heterogeneity in attitudes toward inflation, inflation perception, and unemployment among European countries. Inflation measured by official statistics, as well as inflation perceived by consumers, has a significant negative influence on people’s well-being. The relation was confirmed by regressing reported life satisfaction on a wide set of individual characteristics, as well as macroeconomic variables. While the inflation perception influence on well-being in Eastern Europe is higher than the influence of HICP, for Western Europe, it is the opposite. Both country groups also differ in terms of the marginal rate of substitution between inflation and unemployment – the effects of higher unemployment are more severe in comparison to the influence of inflation in Western Europe.en
dc.language.isoen
dc.rightsDozwolony użytek*
dc.subjectinflationen
dc.subjecthappinessen
dc.subjectunemploymenten
dc.subjectwell-beingen
dc.subject.classificationD60en
dc.subject.classificationE31en
dc.subject.classificationE5en
dc.subject.classificationE7en
dc.subject.classificationI31en
dc.titleDoes inflation matter? The influence of perceived price changes on well-beingen
dc.typeworkingPaperen
dc.description.number2023/086en
dc.description.physical1-29en
dc.description.seriesSGH KAE Working Papers Seriesen


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