| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24045 |
| 来源ID | Working Paper 24045 |
| Socioeconomic Status and Macroeconomic Expectations | |
| Sreyoshi Das; Camelia M. Kuhnen; Stefan Nagel | |
| 发表日期 | 2017-11-27 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We show that individuals' macroeconomic expectations are influenced by their socioeconomic status (SES). People with higher income or higher education are more optimistic about future macroeconomic developments, including business conditions, the national unemployment rate, and stock market returns. The spread in beliefs between high- and low-SES individuals diminishes significantly during recessions. A comparison with professional forecasters and historical data reveals that the beliefs wedge reflects excessive pessimism on the part of low-SES individuals. SES-driven expectations help explain why higher-SES individuals are more inclined to invest in the stock market and more likely to consider purchasing homes, durable goods, or cars. |
| 主题 | Macroeconomics ; Financial Economics ; Behavioral Finance |
| URL | https://www.nber.org/papers/w24045 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581719 |
| 推荐引用方式 GB/T 7714 | Sreyoshi Das,Camelia M. Kuhnen,Stefan Nagel. Socioeconomic Status and Macroeconomic Expectations. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w24045.pdf（2501KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
