Expectations in Micro Data: Rationality Revisited

Hugo Benitez-Silva, Debra Dwyer (), Wayne-Roy Gayle and Thomas J. Muench
Additional contact information
Wayne-Roy Gayle: University of Pittsburgh
Thomas J. Muench: SUNY – Stony Brook

Working Papers from University of Michigan, Michigan Retirement Research Center

Abstract: An increasing number of longitudinal data sets collect expectations information regarding a variety of future individual level events and decisions, providing researchers with the opportunity to explore expectations over micro variables in detail. We provide a theoretical framework and an econometric methodology to use that type of information to test the Rational Expectations hypothesis in models of individual behavior, and present tests using two different panel data sets.

Pages: 19 pages
Date: 2003-10
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Citations: View citations in EconPapers (6)

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Related works:
Journal Article: Expectations in micro data: rationality revisited (2008)
Working Paper: Expectations in Micro Data: Rationality Revisited (2005)
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