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Subjective income expectations and income risk
Ramos Morilla, Xavier (contributor);  … - 2006
risk differ between agents and the econometrician. Our tests are based on panel data elicited yearly from British … ; income risk ; limited information variances …
Persistent link: https://www.econbiz.de/10003274238
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Navigating ambiguity : imprecise probabilities and the updating of disease risk beliefs
Kerwin, Jason; Pandey, Divya - 2023
Probabilistic risk beliefs are key drivers of economic and health decisions, but people are not always certain about … measurable separately from the levels of risk beliefs. People with higher levels of imprecision update their beliefs more in …
Persistent link: https://www.econbiz.de/10014390526
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Do students expect compensation for wage risk?
Schweri, Jürg; Hartog, Joop; Wolter, Stefan C. - 2009
parametric and non-parametric measures to capture expected wage risk. These wage risk measures are unfettered by heterogeneity … which handicapped the use of actual market wage dispersion as risk measure in earlier studies. Students in our sample … anticipate that the market provides compensation for risk, as has been established with Risk Augmented Mincer earnings equations …
Persistent link: https://www.econbiz.de/10003825129
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R&D plans, expectations, and uncertainty: evidence from the COVID-19 shock in Italy
Brancati, Emanuele - 2021
This paper takes advantage of the COVID-19 outbreak to explore the determinants of firms' R&D choices around an exogenous shock. We make use of unique panel data on 7,800 Italian companies between January 2020 - right before the pandemic - and March of the same year - amid lockdown policies. We...
Persistent link: https://www.econbiz.de/10012705555
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Pandemic-era uncertainty
Meyer, Brent; Mihaylov, Emil; Barrero, Jose Maria; … - 2022
national security as of March 2022. Fourth, firm-level risk perceptions skewed heavily to the downside in spring 2020 but …
Persistent link: https://www.econbiz.de/10013186704
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Policy uncertainty and information flows : evidence from pension reform expectations
Ciani, Emanuele; Delavande, Adeline; Etheridge, Ben; … - 2019
Subjective expectations about future policy play an important role in individuals' welfare. We examine how workers' expectations about pension reform vary with proximity to reforms, information cost, and aggregate information acquisition. We construct a new pan-European dataset of reform...
Persistent link: https://www.econbiz.de/10012110463
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The effect of macroeconomic uncertainty on household spending
Coibion, Olivier; Georgarakos, Dimitris; Gorodnichenko, … - 2021
Using a new survey of European households, we study how exogenous variation in the macroeconomic uncertainty perceived by households affects their spending decisions. We use randomized information treatments that provide different types of information about the first and/or second moments of...
Persistent link: https://www.econbiz.de/10012491975
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The causal effects of inflation uncertainty on households' beliefs and actions
Georgarakos, Dimitris; Gorodnichenko, Yuriy; Coibion, … - 2024
We implement a survey-based randomized information treatment that generates independent variation in the inflation expectations and the uncertainty about future inflation of European households. This variation allows us to assess how both first and second moments of inflation expectations...
Persistent link: https://www.econbiz.de/10015069388
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Is man doomed to progress?
Senik-Leygonie, Claudia (contributor) - 2006
This paper is dedicated to the empirical exploration of the welfare effect of expectations and progress per se. Using ten waves of the Russian Longitudinal Monitoring Survey, a panel household survey rich in subjective variables, the analysis suggests that for a given total stock of...
Persistent link: https://www.econbiz.de/10003355566
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Have you heard the news? : how real-life expectations react to publicity
Wiel, Karen van der - 2009
As evidence is accumulating that subjective expectations influence behavior and that these expectations are sometimes biased, it becomes policy-relevant to know how to influence individuals' expectations. Information in the media is likely to affect how people picture the future. This paper...
Persistent link: https://www.econbiz.de/10003824962