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We implement a survey of Dutch households in which random subsets of respondents receive information about inflation. The resulting exogenously generated variation in inflation expectations is used to assess how expectations affect subsequent monthly consumption decisions relative to those in a...
Persistent link: https://www.econbiz.de/10012056956
. Information treatments about current and next year's interest rates have a strong effect on household expectations but treatments …
Persistent link: https://www.econbiz.de/10012177886
primary surpluses should lead households to anticipate this higher inflation. Are household inflation expectations sensitive …
Persistent link: https://www.econbiz.de/10012431761
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013271201
Using British panel data, we explore the finding that households often expect theirÂ…financial position to remain unchanged compared to other alternatives, using a generalised middle inflated ordered probit (GMIOP) model. In doing so we account for the tendency of individuals to choose...
Persistent link: https://www.econbiz.de/10012180406
luxury goods. Moreover, uncertainty reduces household propensity to invest in mutual funds. These results support the notion … that macroeconomic uncertainty can impact household decisions and have large negative effects on economic outcomes. …
Persistent link: https://www.econbiz.de/10012491975
and second moments of inflation expectations separately affect subsequent household decisions. We document several key … encourages household job search, leading to higher subsequent employment among the unemployed and less under-employment among the …
Persistent link: https://www.econbiz.de/10015069388
to get access to resources without support from unemployment compensation. Analysing a household survey from 1995, we … find that the household formation response of the unemployed is the critical way in which they assure access to resources …. In particular, unemployment delays the setting up of an individual household of young people, in some cases by decades …
Persistent link: https://www.econbiz.de/10011339681
results suggest that, conditional on household income, subsistence farming is associated with a lower probability of stunting …
Persistent link: https://www.econbiz.de/10011732006
We examine the efficacy of affirmative action at universities whose value depends on peer and alumni networks. We study an elite Brazilian university that adopted race- and income-based affirmative action at a large scale. Using employer-employee data, we show that a key benefit of attending the...
Persistent link: https://www.econbiz.de/10012805824