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Anchoring in surveys of household expectations

Erik Hjalmarsson and Pär Österholm ()

Economics Letters, 2021, vol. 198, issue C

Abstract: We assess whether the concept of anchoring – where a respondent’s answer is affected by the reference number stated in the survey question – is related to the characteristics of the respondent. Using a survey of household expectations of Swedish housing prices, we find significant differences in observed anchoring across groups reflecting age, income, homeownership and sex. Implications for the interpretation of survey results are discussed.

Keywords: Housing prices; Survey data (search for similar items in EconPapers)
JEL-codes: G41 R20 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:198:y:2021:i:c:s016517652030447x

DOI: 10.1016/j.econlet.2020.109687

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