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The subjective inflation expectations of households and firms : measurement, determinants, and implications
Weber, Michael; D'Acunto, Francesco; Gorodnichenko, Yuriy; … - 2022
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
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Lifetime memories of inflation : evidence from surveys and the lab
Salle, Isabelle; Gorodnichenko, Yuriy; Coibion, Olivier - 2023
We study how individuals' memories of inflation shape their expectations about future inflation using both surveys and … laboratory experiments. Recalling having lived through prior disinflations has pronounced effects on how long-lived people expect … their beliefs much like the inflation experienced in real life. Methodologically, we compare and contrast surveys and lab …
Persistent link: https://www.econbiz.de/10014444241
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The effect of macroeconomic uncertainty on household spending
Coibion, Olivier; Georgarakos, Dimitris; Gorodnichenko, … - 2021
measured in follow-up surveys. Higher macroeconomic uncertainty induces households to reduce their spending on non …
Persistent link: https://www.econbiz.de/10012491975
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The role of payoff parameters for cooperation in the one-shot prisoner's dilemma
Gächter, Simon; Lee, Kyeongtae; Sefton, Martin; Weber, … - 2024
three experiments (N = 1,993): in a preliminary experiment, we vary the payoffs over a large range. In our first main … our experiments and the complementary analyses is that cooperation in a PD increases with the gains of mutual cooperation …
Persistent link: https://www.econbiz.de/10014493805
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It's the opportunity cost, stupid! : how self-employment responds to financial incentives of return, risk and skew
Berkhout, Peter; Hartog, Joop; Praag, Mirjam van - 2011
-employment ; wage-employment ; income distribution ; income risk ; income skew ; income variance ; occupational choice ; labor market …
Persistent link: https://www.econbiz.de/10009522492
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Career or flexible work arrangements? : gender differences in self-employment in a young market economy
Buttler, Dominik; Sierminska, Eva - 2019
We examine supply-side determinants of transition from the wage and salary sector to self-employment of women and men living Poland. The empirical analysis is made possible due to a unique and under explored longitudinal survey - Social Diagnosis - that contains rare indicators such as job...
Persistent link: https://www.econbiz.de/10012119559
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Something from nothing : estimating consumption rates using propensity scores, with application to emissions reduction policies
Bardsley, Nicholas; Büchs, Milena; Schnepf, Sylke V. - 2016
Consumption surveys often record zero purchases of a good because of a short observation window. Only mean consumption …
Persistent link: https://www.econbiz.de/10011452103
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Firms' inflation expectations: new evidence from France
Savignac, Frédérique; Gautier, Erwan; Gorodnichenko, Yuriy - 2022
Using a new survey of firms' inflation expectations in France, we provide novel evidence about the measurement and formation of inflation expectations on the part of firms. First, French firms report inflation expectations with a smaller, but still positive, bias than households and display less...
Persistent link: https://www.econbiz.de/10012873113
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The expected, perceived, and realized inflation of U.S. households before and during the COVID-19 pandemic
Weber, Michael; Gorodnichenko, Yuriy; Coibion, Olivier - 2022
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
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The inflation expectations of U.S. firms: evidence from a new survey
Candia, Bernardo; Coibion, Olivier; Gorodnichenko, Yuriy - 2021
Introducing a new survey of U.S. firms' inflation expectations, we document key stylized facts involving what U.S. firms know and expect about inflation and monetary policy. The resulting time series of firms' inflation expectations displays unique dynamics, distinct from those of households and...
Persistent link: https://www.econbiz.de/10012518200