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conventional and aggregated inflation expectations. Our results chart a new course for designing measurement of inflation …
Persistent link: https://www.econbiz.de/10014436953
The main results of the analysis are as follows. 1) After correcting for measurement error, wages appear to be very …
Persistent link: https://www.econbiz.de/10012462526
We use novel and unique survey data from Italy to shed light on key questions regarding the measurement of social …
Persistent link: https://www.econbiz.de/10014248001
Analyses of self-reported-well-being (SWB) survey data may be confounded if people use response scales differently. We use calibration questions, designed to have the same objective answer across respondents, to measure dimensional (i.e., specific to an SWB dimension) and general (i.e., common...
Persistent link: https://www.econbiz.de/10014372485
Previous research has used survey and diary data to carefully document that Food Stamp recipients decrease their expenditures and consumption of food throughout the benefit month, the beginning of which is defined by the date on which benefits are distributed. The reliance on survey and diary...
Persistent link: https://www.econbiz.de/10012464070
We show that personal experiences of economic shocks can "scar'" consumer behavior in the long run. We first illustrate the effects of experience-based learning in a simple stochastic life-cycle consumption model with time-varying financial constraints. We then use data from the Panel Study of...
Persistent link: https://www.econbiz.de/10012453024
We study the effect on nutrition of an exogenous increase in food grain subsidy in rural India resulting from a program targeting the poor. Our analysis suggests that increase in income resulting from the food price subsidy changed consumption patterns in favor of the subsidized grains and...
Persistent link: https://www.econbiz.de/10012459257
We provide a general framework for incorporating many types of micro data from summary statistics to full surveys of selected consumers into Berry, Levinsohn, and Pakes (1995)-style estimates of differentiated products demand systems. We extend best practices for BLP estimation in Conlon and...
Persistent link: https://www.econbiz.de/10014337838
Costs of attention, while central to choice behavior, have proven hard to measure. We introduce a simple method of recovering them from choice data. Our recovery method rests on the observation that costs of attention play precisely the same role in consumer choice as do a competitive firm's...
Persistent link: https://www.econbiz.de/10012480875
basket of goods. It is well-known that this approach suffers from problems and creates several biases in the measurement of …
Persistent link: https://www.econbiz.de/10012464214