English, Article, Journal or magazine article edition: Using expectations data to study subjective income expectations J. Dominitz; C. F. Manski

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Bookmark: http://trove.nla.gov.au/version/189390
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Using expectations data to study subjective income expectations
Author
  • J. Dominitz
  • C. F. Manski
Physical Description
  • preprint
Notes
  • We have collected data on the one-year-ahead income expectations of members of American households in our Survey of Economic Expectations (SEE), a module of a national continuous telephone survey conducted at the University of Wisconsin. The income-expectations questions take this form: "What do you think is the percent chance (or what are the chances out of 100) that your total household income, before taxes, will be less than Y over the next 12 months?" We use the responses to a sequence of such questions posed for different income thresholds Y to estimate each respondent's subjective probability distribution for next year's household income. We use the estimates to study the cross- sectional variation in income expectations one year into the future.
  • RePEc:wop:wispod:1050-94
Language
  • English
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