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Exploiting the natural experiment of the German reunification, we examine how consumers adapt to a new environment in their macroeconomic forecasting. We document that East Germans expect higher inflation and make larger forecast errors than West Germans even decades after reunification....
Persistent link: https://www.econbiz.de/10012317615
unique Dutch panel data set on households' house price expectations and their consumption, savings and housing choices for …
Persistent link: https://www.econbiz.de/10012265571
We analyze the impact of overconfidence on gender differences in wage expectations using elicited beliefs of German university applicants. Interestingly, female students have lower wage expectations and are less overconfident than their male counterparts. Oaxaca-Blinder decompositions show that...
Persistent link: https://www.econbiz.de/10012286339
Household over-indebtedness has increased worldwide. This study investigates one possible reason for this increase: biased income expectations. Thereby, we refer to the "permanent income hypothesis", which predicts that individuals borrow more today if they expect a higher income in the future....
Persistent link: https://www.econbiz.de/10012268123
study was the panel data from wave 6 of SHARE (the Survey of Health, Aging, and Retirement in Europe). This database …
Persistent link: https://www.econbiz.de/10012793457
Persistent link: https://www.econbiz.de/10011718855
Housing and family are prominent aspects of old age, but how they shape the elderly's savings, spending, and inter … savings behavior of homeowners and renters, the puzzling similarities in the bequests of parents and childless individuals …
Persistent link: https://www.econbiz.de/10013330679
We use surveys of German households and firms to study the extent of information frictions among different groups of economic agents. Firms' expectations about the central bank policy rate, inflation, and aggregate unemployment are more aligned with expert forecasts and less dispersed than...
Persistent link: https://www.econbiz.de/10013335954
mortality of the Arctic region. In Russia, in recent years, mortality rates are currently falling. The high mortality rate is … observed in the Arctic zone. The reason for this situation is the high level of mortality from external causes, which is one … Arctic zone. Priority directions to improve the demographic situation in the Arctic should be to reduce mortality and improve …
Persistent link: https://www.econbiz.de/10011492359
Persistent link: https://www.econbiz.de/10010491989