TY  - JOUR
AU  - Dominitz,Jeff
AU  - Manski,Charles F.
TI  - Using Expectations Data to Study Subjective Income Expectations
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 4937
PY  - 1994
Y2  - November 1994
UR  - http://www.nber.org/papers/w4937
L1  - http://www.nber.org/papers/w4937.pdf
N1  - Author contact info:
Jeff Dominitz

Charles F. Manski
Department of Economics
Northwestern University
2001 Sheridan Road
Evanston, IL  60208
Tel: 847/491-8223
Fax: 847/491-7001
E-Mail: cfmanski@northwestern.edu
AB  - 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.
ER  -