The Usefulness of Consumer Sentiment
Assessing Construct and Measurement
Bibliographic Data
| ID | 6374156 |
|---|---|
| Authors | Paul M Kellstedt (0000-0001-9446-2721), Linn, S Linn, A Lee Hannah (0000-0003-3332-3220) |
| Year | 2015 |
| Volume | 79 |
| Issue | 1 |
| Pages | 181-203 |
| Publication date | 2015-03-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Public Opinion Quarterly (JOURNAL) |
| Journal identifiers | ISSN: 0033-362X • E-ISSN: 1537-5331 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1093/poq/nfu056 |
| OpenAlex | W2142536633 |
| Language | EN |
| Citations received | 14 |
| References cited | 21 |
Given the scholarly and popular prominence of the concept of consumer confidence, it is striking that there are no examinations of the quality of the most commonly used measure of the concept—the University of Michigan’s Index of Consumer Sentiment (ICS). In this study, we assess the usefulness of consumer sentiment as a construct and a measure (or measures). We also identify the best way to consider its role in consumer behavior. This brings us to a consideration of fundamental questions about the reliability and validity of consumer sentiment measures. Our purpose is to provide evidence on this score. Our analyses suggest that the ICS is a reliable indicator of consumer confidence. The measure exhibits substantial face validity, but the index itself (though not its components) falls short in terms of its predictive validity with regard to spending on durable goods
Actuarial science · Business · Construct (python library · Construct validity · Consumer confidence index · Data mining · Economics · Epistemology · Face (sociological concept · Face validity · Index (typography · Measure (data warehouse · Psychometrics · Quality (philosophy · Reliability (semiconductor · Sociology · Validity · World Wide Web · Computer Science · Consumer Behavior in Brand Consumption and Identification · Corporate Social Responsibility Reporting · Customer Service Quality and Loyalty · Psychology · Clinical Psychology · Marketing
Personality and Money Matters
Competition, Cooperation, and Coexistence
Mutual Influences in Economic Agendas
Economic News
Racial and Ethnic Differences in Consumers’ Economic Expectations
When Do Media Matter Most? A Study on the Relationship between Negative Economic News and Consumer Confidence across the Twenty-Eight EU States
Peasants and Bankers
Determinants of financial worry and rumination
Motivated Reasoning, Public Opinion, and Presidential Approval
The Political Economy
When Does the Public Get It Right? The Information Environment and the Accuracy of Economic Sentiment
Rational Learners or Impervious Partisans? Economic News and Partisan Bias in Economic Perceptions
Does culture matter for consumer confidence
Does Consumer Confidence Forecast Household Saving and Borrowing Behavior? Evidence for Poland
On the psychology of prediction.
Models of Man
Aggregate consumer expectation indexes as indicators of future consumer expenditures
Dynamic Models for Dynamic Theories
A Behavioral Model of Rational Choice
Peasants or Bankers? The American Electorate and the U.S. Economy
The Consequences of Partisanship in Economic Perceptions
Economic Perceptions and Vote Choice
Partisan Preferences, Electoral Prospects, and Economic Expectations
Dynamic Conditional Correlations in Political Science
The Political (And Economic) Origins of Consumer Confidence
Explaining Congressional Approval
Consumer Confidence and Consumer Spending
What Moves Policy Sentiment
| Citations per year | 1.56 |
|---|---|
| Citation span | 2017 - 2024 (8) |
| Highly cited | No |