Data and code for: Risk Exposure and Acquisition of Macroeconomic Information
收藏ICPSR2022-01-01 更新2026-04-16 收录
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https://www.openicpsr.org/openicpsr/project/131341/version/V1/view
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资源简介：
We conduct an experiment with a representative sample from the US to study households’ demand for macroeconomic information. Respondents who learn of a higher personal exposure to unemployment risk during recessions increase their demand for an expert forecast about the likelihood of a recession. This finding is consistent with macroeconomic models of endogenous information acquisition, according to which the demand for information depends on its expected benefits. Moreover, respondents’ updating about their personal unemployment risk suggests that households are imperfectly informed about their exposure to aggregate fluctuations, which may distort their beliefs about the benefits of acquiring macroeconomic information.<br><br>
提供机构：
CESifo Research Network; CEBI, University of Copenhagen; University of Warwick, CESifo Research Network, briq, CEPR
创建时间：
2022-01-01
