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A couple of recent papers have shifted the focus towards disagreement of professional forecasters. When dealing with survey data that is sampled at a frequency higher than annual and that includes only fixed event forecasts, e.g. expectation of average annual growth rates measures of...
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period 1996-1999. The SIPP provides high-frequency information on wages, employment, and demographic characteristics for a … correcting for measurement error, wages appear to be very sticky. In the average quarter, the probability that an individual will …
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the period 1996-1999. The SIPP provides high-frequency information on wages, employment and demographic characteristics … correcting for measurement error, wages appear to be very sticky. In the average quarter, the probability that an individual will …
Persistent link: https://www.econbiz.de/10003985883
We develop and estimate a panel data model explaining the answers to questions about subjective probabilities, using data from the US Health and Retirement Study. We explicitly account for nonresponse, rounding, and focal point "50 percent" answers. Our results indicate that for three of the...
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