Related Experiment Video
Updated: Jul 18, 2026

Combining Behavioral Endocrinology and Experimental Economics: Testosterone and Social Decision Making
Published on: March 2, 2011
"Money illusion" and migration decisions: an international comparison of the United States and Canadian experiences
Abstract:
"This paper argues that migrant behaviour should be, in the absence of 'money illusion', sensitive to geographic living-cost differentials. The empirical findings of this paper strongly imply that, in the United States and Canada, the cost of living is an important determinant of migration patterns and that omission of the living-cost variable from the migration regression constitutes a specification error." The study is based on net migration data for 36 SMSAs in the United States and 22 CMAs (Central Metropolitan Areas) in Canada (SUMMARY IN FRE, GER)
Related Concept Videos
Migration
Regression Toward the Mean
The Anchoring-and-Adjustment Heuristic
Cognitive Dissonance
Self-Esteem and Culture
Magical Thinking

