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The Attitudes towards the Euro : An Empirical Study based on the German Socio-Economic Panel (SOEP)

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dc.creator Schneider, Thorsten
dc.creator Isengard, Bettina
dc.date 2004
dc.date.accessioned 2013-10-16T06:58:18Z
dc.date.available 2013-10-16T06:58:18Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18099
dc.identifier ppn:383004632
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18099
dc.description This paper investigates the attitudes towards the Euro and their changes over time in Germany by using longitudinal micro data from the German Socio Economic Panel Study (SOEP). We observe that a large part of the German population was worried about the new currency before its implementation. Individual changes of worries can be explained by theories of selfperception and cognitive dissonance. According to these theories, concerns should diminish after the Euro notes and coins are distributed. In contrast, the theory of reactance predicts an increase, while the theories of attitude changes as learning processes offer both its increase and decrease. The latter seems to be the most suitable explanation for the development of concerns about the Euro. We discover that problems with the handling of the new money and the time of questioning are strong predictors. The time pattern goes hand in hand with the time of press coverage on price rises. As worries are connected with problems in handling the new money, future member states of the European Monetary Union should prepare their population in a better manner than the existing member states did.
dc.language eng
dc.publisher Deutsches Institut für Wirtschaftsforschung (DIW) Berlin
dc.relation DIW-Diskussionspapiere 403
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject A14
dc.subject E49
dc.subject D83
dc.subject ddc:330
dc.subject Euro
dc.subject European Union
dc.subject Attitudes
dc.subject Changes of Attitudes
dc.subject National Identity
dc.subject Euro
dc.subject Währungsumstellung
dc.subject Meinung
dc.subject Deutschland
dc.title The Attitudes towards the Euro : An Empirical Study based on the German Socio-Economic Panel (SOEP)
dc.type doc-type:workingPaper


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