Inflation expectations data
inflation_expectations.RdData on individual inflation expectations, based on the paper: "Measuring consumer uncertainty about future inflation," by Wandi Bruine de Bruin, Charles F. Manski, Giorgio Topa, Wilbert van der Klaauw, 2011, Journal of Applied Econometrics, 26: 454-478. This dataset has only the observations with point estimates of inflation for individuals between 30 and 70 years of age. The survey took place in 2007 and 2008. The actual inflation, for benchmark, was 3.2% in 2006, 2.9% in 2007, and 3.8% in 2008.
Format
inflation_expectations
A data frame with 290 rows and 6 columns:
- inflation_pred
Individual prediction of inflation next year (integer; e.g. 10=10%)
- age
Age (in years)
- finlit_score
Financial literacy test score (out of 12 points)
- male
1 if male, 0 otherwise
- collgrad
1 if college graduate, 0 otherwise
- famincome_hi
1 if family income > $75,000, 0 otherwise