Expectations Data in Structural Microeconomic Models

Gizem Kosar and Cormac O'Dea

No 30094, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: A growing literature uses now widely-available data on beliefs and expectations in the estimation of structural models. In this chapter, we review this literature, with an emphasis on models of individual and household behavior. We first show how expectations data have been used to relax strong assumptions about beliefs and outline how they can be used in estimation to substitute for, or as a complement to, data on choices. Next, we discuss the literature that uses different types of expectations data in the estimation of structural models. We conclude by noting directions for future research.

JEL-codes: C51 D15 D83 D84 (search for similar items in EconPapers)
Date: 2022-05
New Economics Papers: this item is included in nep-dem
Note: AG
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Working Paper: Expectations Data in Structural Microeconomic Models (2022)
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