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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w25336 |
来源ID | Working Paper 25336 |
Expectations Uncertainty and Household Economic Behavior | |
Itzhak Ben-David; Elyas Fermand; Camelia M. Kuhnen; Geng Li | |
发表日期 | 2018-12-10 |
出版年 | 2018 |
语种 | 英语 |
摘要 | We show that there exists significant heterogeneity across US households in how uncertain they are in their expectations regarding personal and macroeconomic outcomes, and that uncertainty in expectations predicts households' choices. Individuals with lower income or education, more precarious finances, and living in counties with higher unemployment are more uncertain in their expectations regarding own-income growth, inflation, and national home price changes. People with more uncertain expectations, even accounting for their socioeconomic characteristics, exhibit more precaution in their consumption, credit, and investment behaviors. |
主题 | Microeconomics ; Households and Firms ; Economics of Information ; Financial Economics ; Portfolio Selection and Asset Pricing ; Behavioral Finance |
URL | https://www.nber.org/papers/w25336 |
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/583009 |
推荐引用方式 GB/T 7714 | Itzhak Ben-David,Elyas Fermand,Camelia M. Kuhnen,et al. Expectations Uncertainty and Household Economic Behavior. 2018. |
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 | ||
w25336.pdf(1581KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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