Subjective Expectations and Income Processes in Rural India
Bibliographic Data
| ID | 9727067 |
|---|---|
| Authors | Orazio Attanasio (0000-0003-3693-4393, University College London, NBER and BREAD), Britta Augsburg (0000-0002-8864-7751, EDePo@The Institute for Fiscal Studies) |
| Year | 2016 |
| Volume | 83 |
| Issue | 331 |
| Pages | 416-442 |
| Publication date | 2016-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/ecca.12190 |
| OpenAlex | W2331270706 |
| Language | EN |
| Citations received | 3 |
| References cited | 36 |
This paper uses unique primary data on directly elicited individual subjective expectations to analyse and characterize the process that generates the income of poor, rural Indian households. We validate and use responses to subjective expectations questions and a parametric assumption to fit a household‐specific probability distribution for future income. Combining computed moments from this distribution with data for actual current income, we specify and estimate a dynamic model of household income. We find that our households face a very persistent income process. Our paper is one of the first that uses subjective expectations data to model income processes
Demographic economics · Distribution (mathematics) · Econometrics · Economics · Geography · Household income · Income distribution · Inequality · Parametric statistics · Process (computing) · Statistics · Survey data collection · Agricultural risk and resilience · Computer Science · Economics of Agriculture and Food Markets · Income, Poverty, and Inequality · Mathematics
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Measuring Expectations
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Judgment under Uncertainty
Another look at the instrumental variable estimation of error-components models
Theory of the Consumption Function
Poverty traps and nonlinear income dynamics with measurement error and individual heterogeneity
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Poverty Traps And Nonlinear Income Dynamics With Measurement Error And Individual Heterogeneity
Dynamic Aspects of Earning Mobility
Earnings Expectations, Revisions, and Realizations
The Poor Stay Poor”
Bayesian Herders
Assessing the Value of Climate Forecast Information for Pastoralists
A land of milk and honey with streets paved with gold
Subjective Expectations and Income Processes in Rural India
Perceptions of Economic Insecurity
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,3 |
| Citation span | 2016 - 2025 (10) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 2 |