Arbeitspapier
Subjective income expectations and income risk
In the context of income dynamics, we investigate whether aspects of agents' superior information relative to the econometrician's limited information are captured in subjective expectations data. It is natural, for instance, to assume that the econometrician cannot observe idiosyncratic shocks to both permanent and transitory components of income. In this case perceptions of risk differ between agents and the econometrician. Our tests are based on panel data elicited yearly from British households. We find evidence of superior information consistent with standard income modelling.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 1950
- Klassifikation
-
Wirtschaft
Consumer Economics: Empirical Analysis
Personal Income, Wealth, and Their Distributions
Expectations; Speculations
- Thema
-
subjective expectation reports
income risk
limited information variances
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ramos, Xavier
Schluter, Christian
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Ramos, Xavier
- Schluter, Christian
- Institute for the Study of Labor (IZA)
Entstanden
- 2006
Ähnliche Objekte (12)
Subjective income expectations and risks in rural India
Subjective income and employment expectations and preferences for redistribution
Income risk, income mobility and welfare
Measuring income risk
Measuring income risk
Unreported Income, Education and Subjective Well-Being
Do people in income poverty use their income efficiently? A subjective well-being approach
Income Comparison, Income Formation, and Subjective Well-Being: New Evidence on Envy versus Signaling
Income comparisons, income formation, and subjective well-being: New evidence on envy versus signaling
Subjective well-being, income, economic development and growth
Subjective well-being, income, economic development and growth
Subjective Well-being, Income, and Ethnicity in Slovakia
Subjective income expectations and risks in rural India
Subjective income and employment expectations and preferences for redistribution
Income risk, income mobility and welfare
Measuring income risk
Measuring income risk
Unreported Income, Education and Subjective Well-Being
Do people in income poverty use their income efficiently? A subjective well-being approach
Income Comparison, Income Formation, and Subjective Well-Being: New Evidence on Envy versus Signaling
Income comparisons, income formation, and subjective well-being: New evidence on envy versus signaling
Subjective well-being, income, economic development and growth
Subjective well-being, income, economic development and growth
Subjective Well-being, Income, and Ethnicity in Slovakia
Subjective income expectations and risks in rural India
Subjective income and employment expectations and preferences for redistribution
Income risk, income mobility and welfare
Measuring income risk
Measuring income risk
Unreported Income, Education and Subjective Well-Being
Do people in income poverty use their income efficiently? A subjective well-being approach
Income Comparison, Income Formation, and Subjective Well-Being: New Evidence on Envy versus Signaling
Income comparisons, income formation, and subjective well-being: New evidence on envy versus signaling
Subjective well-being, income, economic development and growth
Subjective well-being, income, economic development and growth