inflation_expectations: Inflation expectations data

In probstats4econ: Companion Package to Probability and Statistics for Economics and Business

Inflation expectations data

Description

Data on individual inflation expectations, based on the paper: "Measuring consumer uncertainty about future inflation," by Wandi Bruine de Bruin, Charles F. Manski, Giorgio Topa, Wilbert van der Klaauw, 2011, Journal of Applied Econometrics, 26: 454-478. This dataset has only the observations with point estimates of inflation for individuals between 30 and 70 years of age. The survey took place in 2007 and 2008. The actual inflation, for benchmark, was 3.2% in 2006, 2.9% in 2007, and 3.8% in 2008.

Usage

inflation_expectations

Format

inflation_expectations

A data frame with 290 rows and 6 columns:

inflation_pred

Individual prediction of inflation next year (integer; e.g. 10=10%)

age

Age (in years)

finlit_score

Financial literacy test score (out of 12 points)

male

1 if male, 0 otherwise

collgrad

1 if college graduate, 0 otherwise

famincome_hi

1 if family income > $75,000, 0 otherwise

Source

https://journaldata.zbw.eu/dataset/measuring-consumer-uncertainty-about-future-inflation

probstats4econ documentation built on Sept. 11, 2024, 8:29 p.m.