@techreport{NBERw4937,
 title = "Using Expectations Data to Study Subjective Income Expectations",
 author = "Jeff Dominitz and Charles F. Manski",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "4937",
 year = "1994",
 month = "November",
 URL = "http://www.nber.org/papers/w4937",
 abstract = {We have collected data on the one-year-ahead income expectations of members of American households in our Survey of Economic Expectations (SEE), a module of a national continuous telephone survey conducted at the University of Wisconsin.  The income-expectations questions take this form: `What do you think is the percent chance (or what are the chances out of 100) that your total household income, before taxes, will be less than Y over the next 12 months?'  We use the responses to a sequence of such questions posed for different income thresholds Y to estimate each respondent's subjective probability distribution for next year's household income.  We use the estimates to study the cross-sectional variation in income expectations for one year into the future.},
}