Showing 1 - 10 of 180
Wage expectations for full- and part-time employment are key for understanding the labor supply decisions of women …-adjusted estimates of the part-time wage gap indicates that women's mean expectations are realistic. I also show that women with children …
Persistent link: https://www.econbiz.de/10012290030
This paper studies how the communication of political leaders affects the expectation formation of the public. Specifically, we examine the expectation management of the German government regarding COVID-19-related regulatory measures during the early phase of the pandemic. We elicit beliefs...
Persistent link: https://www.econbiz.de/10013197539
Between 2004 and 2016, we elicited individuals' subjective expectations of stock market returns in a Dutch internet … differ in how they use past stock market returns to form current stock market expectations. The model allows for rounding in …
Persistent link: https://www.econbiz.de/10012141863
. Macroeconomists increasingly rely on survey data on subjective expectations. An innovative approach to measure aggregate uncertainty … exploits the rounding patterns in individuals' responses to survey questions on inflation expectations (Binder, 2017). This … inflation expectations. …
Persistent link: https://www.econbiz.de/10012141866
This paper documents that individuals' expectations about macroeconomic outcomes are systematically linked with the … experiences of these macroeconomic outcomes they have made during life. Focusing on expectations about national inflation … variables over the respondents' lifetime, respectively. I find that experience significantly predicts respondents' expectations …
Persistent link: https://www.econbiz.de/10012141887
This paper presents an experiment on a coordination game with extrinsic random signals, in which we systematically vary the stochastic process generating these signals and measure how signals affect behavior. We find that sunspot equilibria emerge naturally if there are salient public signals....
Persistent link: https://www.econbiz.de/10011663450
Recent research in contract theory on the effects of behavioral biases implicitly assumes that they are stable, in the sense of not being affected by the contracts themselves. In this paper, we provide evidence that this is not necessarily the case. We show that in an insurance context, being...
Persistent link: https://www.econbiz.de/10011932945
stock market crash on hedging strategies by portfolio insurers, which dictated selling stocks as soon as prices fell. The fact that the practice of buying and selling stocks as portfolio insurance has virtually disappeared since then has given many comfort that a replay of the 1987 crash, when...
Persistent link: https://www.econbiz.de/10012236064
' more academically oriented career aspirations and expectations before leaving school. On the one hand, these higher …
Persistent link: https://www.econbiz.de/10012141862
forecaster herding. The models illustrate why forecasters may herd. We then empirically analyze whether forecasts of the Yen …
Persistent link: https://www.econbiz.de/10010302562