Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/46122 
Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 5272
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
We develop and estimate a panel data model explaining the answers to questions about subjective probabilities, using data from the US Health and Retirement Study. We explicitly account for nonresponse, rounding, and focal point 50 percent answers. Our results indicate that for three of the four questions considered, almost all 50 percent answers can be explained by rounding. We also find observed and unobserved heterogeneity in the tendencies to report rounded values or a focal answer, explaining persistency in 50 percentanswers over time. Incorporating rounding and focal answers changes some of the conclusions about the socio-economic factors that determine expectations.
Schlagwörter: 
item nonresponse
rounding
expectations
JEL: 
C81
D84
Dokumentart: 
Working Paper

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