메뉴 건너뛰기




Volumn 30, Issue 3, 2012, Pages 521-554

On the use of expectations data in estimating structural dynamic choice models

Author keywords

[No Author keywords available]

Indexed keywords


EID: 84863834516     PISSN: 0734306X     EISSN: None     Source Type: Journal    
DOI: 10.1086/664929     Document Type: Article
Times cited : (88)

References (60)
  • 3
    • 47249132961 scopus 로고    scopus 로고
    • Measuring inequity aversion in a heterogeneous population using experimental decisions and subjective probabilities
    • Bellemare, Charles, Sabine Krö ger, and Arthur van Soest. 2008. Measuring inequity aversion in a heterogeneous population using experimental decisions and subjective probabilities. Econometrica 76, no. 4:815-39.
    • (2008) Econometrica , vol.76 , Issue.4 , pp. 815-839
    • Bellemare, C.1    Kröger, S.2    van Soest, A.3
  • 4
    • 23844471920 scopus 로고    scopus 로고
    • The rationality of retirement expectations and the role of new information
    • Benitez-Silva, Hugo, and Debra Dwyer. 2005. The rationality of retirement expectations and the role of new information. Review of Economics and Statistics 87, no. 3:587-92.
    • (2005) Review of Economics and Statistics , vol.87 , Issue.3 , pp. 587-592
    • Benitez-Silva, H.1    Dwyer, D.2
  • 5
    • 0042486597 scopus 로고
    • Social Security benefits: An empirical study of expectations and realizations
    • In, ed. Edward Lazear and Rita Ricardo-Campbell, Stanford, CA: Hoover Institution
    • Bernheim, B. Douglas. 1988. Social Security benefits: An empirical study of expectations and realizations. In Issues in contemporary retirement, ed. Edward Lazear and Rita Ricardo-Campbell, 312-48. Stanford, CA: Hoover Institution.
    • (1988) Issues in contemporary retirement , pp. 312-348
    • Bernheim, D.B.1
  • 6
    • 0005069692 scopus 로고
    • The timing of retirement: A comparison of expectations and realizations
    • In, ed. D. A. Wise, Chicago: University of Chicago Press
    • Bernheim, B. Douglas. 1989. The timing of retirement: A comparison of expectations and realizations. In The economics of aging, ed. D. A. Wise, 335-55. Chicago: University of Chicago Press.
    • (1989) The economics of aging , pp. 335-355
    • Bernheim, D.B.1
  • 7
    • 0005053157 scopus 로고
    • How do the elderly form expectations? An analysis of responses to new information
    • In, ed. D. A. Wise, Chicago: University of Chicago Press
    • Bernheim, B. Douglas. 1990. How do the elderly form expectations? An analysis of responses to new information. In Issues in the economics of aging, ed. D. A. Wise, 259-83. Chicago: University of Chicago Press.
    • (1990) Issues in the economics of aging , pp. 259-283
    • Bernheim, D.B.1
  • 8
    • 0002675837 scopus 로고
    • Social Security and personal savings: An analysis of expectations
    • Bernheim, B. Douglas, and Lawrence Levin. 1989. Social Security and personal savings: An analysis of expectations. American Economic Review 79, no. 2:97-102.
    • (1989) American Economic Review , vol.79 , Issue.2 , pp. 97-102
    • Bernheim, D.B.1    Levin, L.2
  • 9
    • 77954128529 scopus 로고    scopus 로고
    • Using elicited choice probabilities to estimate random utility models: Preferences for electricity reliability
    • Blass, Asher A., Saul Lach, and Charles F. Manski. 2010. Using elicited choice probabilities to estimate random utility models: Preferences for electricity reliability. International Economic Review 51, no. 2:421-40.
    • (2010) International Economic Review , vol.51 , Issue.2 , pp. 421-440
    • Blass, A.A.1    Lach, S.2    Manski, C.F.3
  • 10
    • 0002542919 scopus 로고
    • Career plans and expectations of young women and men
    • Blau, Francine, and Marianne Ferber. 1991. Career plans and expectations of young women and men. Journal of Human Resources 26, no. 4:581-607.
    • (1991) Journal of Human Resources , vol.26 , Issue.4 , pp. 581-607
    • Blau, F.1    Ferber, M.2
  • 11
    • 3242880641 scopus 로고    scopus 로고
    • The theory of rationally heterogeneous expectations: Evidence from survey data on inflation expectations
    • Branch, William A. 2004. The theory of rationally heterogeneous expectations: Evidence from survey data on inflation expectations. Economic Journal 114, no. 497:592-621.
    • (2004) Economic Journal , vol.114 , Issue.497 , pp. 592-621
    • Branch, W.A.1
  • 14
    • 38349117121 scopus 로고    scopus 로고
    • Measuring revisions to subjective expectations
    • Delavande, Adeline. 2008a. Measuring revisions to subjective expectations. Journal of Risk and Uncertainty 36, no. 1:43-82.
    • (2008) Journal of Risk and Uncertainty , vol.36 , Issue.1 , pp. 43-82
    • Delavande, A.1
  • 15
    • 48249115604 scopus 로고    scopus 로고
    • Pill, patch, or shot? Subjective expectations and birth control choice
    • Delavande, Adeline. 2008b. Pill, patch, or shot? Subjective expectations and birth control choice. International Economic Review 49, no. 3:999-1042.
    • (2008) International Economic Review , vol.49 , Issue.3 , pp. 999-1042
    • Delavande, A.1
  • 17
    • 79953008684 scopus 로고    scopus 로고
    • Individuals' uncertainty about future Social Security benefits and portfolio choice
    • Delavande, Adeline, and Susann Rohwedder. 2011. Individuals' uncertainty about future Social Security benefits and portfolio choice. Journal of Applied Econometrics 26, no. 3:498-519.
    • (2011) Journal of Applied Econometrics , vol.26 , Issue.3 , pp. 498-519
    • Delavande, A.1    Rohwedder, S.2
  • 19
    • 0032397343 scopus 로고    scopus 로고
    • Earning expectations, revisions, and realizations
    • Dominitz, Jeff. 1998. Earning expectations, revisions, and realizations. Review of Economics and Statistics 80, no. 3:374-88.
    • (1998) Review of Economics and Statistics , vol.80 , Issue.3 , pp. 374-388
    • Dominitz, J.1
  • 20
    • 0031483804 scopus 로고    scopus 로고
    • Perceptions of economic insecurity: Evidence from the Survey of Economic Expectations
    • Dominitz, Jeff, and Charles F. Manski. 1997a. Perceptions of economic insecurity: Evidence from the Survey of Economic Expectations. Public Opinion Quarterly 61, no. 2:261-87.
    • (1997) Public Opinion Quarterly , vol.61 , Issue.2 , pp. 261-287
    • Dominitz, J.1    Manski, C.F.2
  • 21
    • 21744462517 scopus 로고    scopus 로고
    • Using expectations data to study subjective income expectations
    • Dominitz, Jeff, and Charles F. Manski. 1997b. Using expectations data to study subjective income expectations. Journal of the American Statistical Association 92, no. 439: 855-67.
    • (1997) Journal of the American Statistical Association , vol.92 , Issue.439 , pp. 855-867
    • Dominitz, J.1    Manski, C.F.2
  • 23
    • 0000483617 scopus 로고
    • The specification and esti mation of dynamic stochastic discrete choice models: A survey
    • Eckstein, Zvi, and Kenneth I. Wolpin. 1989. The specification and esti mation of dynamic stochastic discrete choice models: A survey. Journal of Human Resources 24, no. 3:562-98.
    • (1989) Journal of Human Resources , vol.24 , Issue.3 , pp. 562-598
    • Eckstein, Z.1    Wolpin, K.I.2
  • 24
    • 64549092817 scopus 로고    scopus 로고
    • Comparing the point predictions and subjective distributions of professional forecasters
    • Engelberg, Joseph, Charles F. Manski, and Jared Williams. 2009. Comparing the point predictions and subjective distributions of professional forecasters. Journal of Business and Economic Statistics 27, no. 1:30-41.
    • (2009) Journal of Business and Economic Statistics , vol.27 , Issue.1 , pp. 30-41
    • Engelberg, J.1    Manski, C.F.2    Williams, J.3
  • 25
    • 0008105758 scopus 로고
    • Self-reported reservation wages and the labor market participation decision
    • July/September
    • Flinn, Christopher, and Daniela Del Boca. 1984. Self-reported reservation wages and the labor market participation decision. Richerche Economiche 38 (July/September): 363-83.
    • (1984) Richerche Economiche , vol.38 , pp. 363-383
    • Flinn, C.1    del Boca, D.2
  • 28
    • 84863825955 scopus 로고
    • Expectations, realizations, and the aging of young men
    • In, ed. R. G. Ehrenberg, Greenwich, CT: JAI
    • Griliches, Zvi. 1980. Expectations, realizations, and the aging of young men. In Research in labor economics, ed. R. G. Ehrenberg, 3:1-21. Greenwich, CT: JAI.
    • (1980) Research in labor economics , vol.3 , pp. 1-21
    • Griliches, Z.1
  • 29
    • 0000595113 scopus 로고
    • Sex-related wage differentials and women's interrupted labor careers-the chicken or the egg?
    • Gronau, Reuben. 1988. Sex-related wage differentials and women's interrupted labor careers-the chicken or the egg? Journal of Labor Economics 6, no. 3:277-301.
    • (1988) Journal of Labor Economics , vol.6 , Issue.3 , pp. 277-301
    • Gronau, R.1
  • 30
    • 0000148633 scopus 로고
    • Expectations, life expectancy, and economic behavior
    • Hamermesh, Daniel S. 1985. Expectations, life expectancy, and economic behavior. Quarterly Journal of Economics 100, no. 2:389-408.
    • (1985) Quarterly Journal of Economics , vol.100 , Issue.2 , pp. 389-408
    • Hamermesh, D.S.1
  • 31
    • 0029990782 scopus 로고    scopus 로고
    • Retirement expectations: Differences by race, ethnicity, and gender
    • Honig, Marjorie. 1996. Retirement expectations: Differences by race, ethnicity, and gender. Gerontologist 36, no. 3:373-82.
    • (1996) Gerontologist , vol.36 , Issue.3 , pp. 373-382
    • Honig, M.1
  • 32
    • 0000444966 scopus 로고
    • A smoothed maximum score estimator for the binary response model
    • Horowitz, Joel L. 1992. A smoothed maximum score estimator for the binary response model. Econometrica 60, no. 3:505-32.
    • (1992) Econometrica , vol.60 , Issue.3 , pp. 505-532
    • Horowitz, J.L.1
  • 33
    • 2642526123 scopus 로고    scopus 로고
    • Behavior in a dynamic decision problem: An analysis of experimental evidence using a Bayesian type classification algorithm
    • Houser, Daniel, Michael Keane, and Kevin McCabe. 2004. Behavior in a dynamic decision problem: An analysis of experimental evidence using a Bayesian type classification algorithm. Econometrica 72, no. 3:781-822.
    • (2004) Econometrica , vol.72 , Issue.3 , pp. 781-822
    • Houser, D.1    Michael, K.2    McCabe, K.3
  • 34
    • 85014256728 scopus 로고
    • Evaluation of the subjective probabilities of survival in the Health and Retirement Study
    • Hurd, Michael D., and Kathleen McGarry. 1995. Evaluation of the subjective probabilities of survival in the Health and Retirement Study. Journal of Human Resources 30, suppl.: S268-S292.
    • (1995) Journal of Human Resources , vol.30 , Issue.SUPPL.
    • Hurd, M.D.1    McGarry, K.2
  • 35
    • 0036772806 scopus 로고    scopus 로고
    • The predictive validity of subjective probabilities of survival
    • Hurd, Michael D., and Kathleen McGarry. 2002. The predictive validity of subjective probabilities of survival. Economic Journal 112, no. 482:966-85.
    • (2002) Economic Journal , vol.112 , Issue.482 , pp. 966-985
    • Hurd, M.D.1    McGarry, K.2
  • 36
    • 10244241892 scopus 로고    scopus 로고
    • The effects of subjective survival on retirement and Social Security claiming
    • Hurd, Michael D., James P. Smith, and Julie M. Zissimopoulos. 2004. The effects of subjective survival on retirement and Social Security claiming. Journal of Applied Econometrics 19, no. 6:761-75.
    • (2004) Journal of Applied Econometrics , vol.19 , Issue.6 , pp. 761-775
    • Hurd, M.D.1    Smith, J.P.2    Zissimopoulos, J.M.3
  • 37
    • 0000781517 scopus 로고
    • Consumer buying intentions and purchase probability: An experiment in survey design
    • September
    • Juster, Thomas. 1966. Consumer buying intentions and purchase probability: An experiment in survey design. Journal of the American Statistical Association 61 (September): 658-96.
    • (1966) Journal of the American Statistical Association , vol.61 , pp. 658-696
    • Juster, T.1
  • 38
    • 5544310744 scopus 로고    scopus 로고
    • Career decisions of young men
    • Keane, Michael P., and Kenneth I. Wolpin. 1997. Career decisions of young men. Journal of Political Economy 105, no. 3:473-522.
    • (1997) Journal of Political Economy , vol.105 , Issue.3 , pp. 473-522
    • Keane, M.P.1    Wolpin, K.I.2
  • 39
    • 0000831997 scopus 로고
    • An econometric analysis of reservation wages
    • Lancaster, Tony, and Andrew Chesher. 1983. An econometric analysis of reservation wages. Econometrica 51, no. 6:1661-76.
    • (1983) Econometrica , vol.51 , Issue.6 , pp. 1661-1676
    • Lancaster, T.1    Chesher, A.2
  • 40
    • 35448946463 scopus 로고    scopus 로고
    • Individual perceptions of the criminal justice system
    • Lochner, Lance. 2007. Individual perceptions of the criminal justice system. American Economic Review 97, no. 1:444-60.
    • (2007) American Economic Review , vol.97 , Issue.1 , pp. 444-460
    • Lochner, L.1
  • 41
    • 0036213138 scopus 로고    scopus 로고
    • Identifying dynamic discrete decision processes
    • Magnac, Thierry, and David Thesmar. 2002. Identifying dynamic discrete decision processes. Econometrica 70, no. 2:801-16.
    • (2002) Econometrica , vol.70 , Issue.2 , pp. 801-816
    • Magnac, T.1    Thesmar, D.2
  • 42
    • 49549144751 scopus 로고
    • Maximum score estimation of the stochastic utility model of choice
    • Manski, Charles F. 1975. Maximum score estimation of the stochastic utility model of choice. Journal of Econometrics 3, no. 3:205-28.
    • (1975) Journal of Econometrics , vol.3 , Issue.3 , pp. 205-228
    • Manski, C.F.1
  • 43
    • 0000305992 scopus 로고
    • Semiparametric analysis of discrete response: Asymptotic properties of the maximum score estimator
    • Manski, Charles F. 1985. Semiparametric analysis of discrete response: Asymptotic properties of the maximum score estimator. Journal of Econometrics 27 (1985): 313-34.
    • (1985) Journal of Econometrics , vol.27 , Issue.1985 , pp. 313-334
    • Manski, C.F.1
  • 44
    • 0001070772 scopus 로고
    • The use of intentions data to predict behavior: A best case analysis
    • Manski, Charles F. 1990. The use of intentions data to predict behavior: A best case analysis. Journal of the American Statistical Association 85, no. 412:934-40.
    • (1990) Journal of the American Statistical Association , vol.85 , Issue.412 , pp. 934-940
    • Manski, C.F.1
  • 45
    • 0002426904 scopus 로고
    • Adolescent econometricians: How do youth infer the returns to schooling?
    • In, ed. Charles Clotfelter and Michael Rothschild, Chicago: University of Chicago Press
    • Manski, Charles F. 1993. Adolescent econometricians: How do youth infer the returns to schooling? In Studies of supply and demand in higher education, ed. Charles Clotfelter and Michael Rothschild, 43-60. Chicago: University of Chicago Press.
    • (1993) Studies of supply and demand in higher education , pp. 43-60
    • Manski, C.F.1
  • 46
    • 0036260739 scopus 로고    scopus 로고
    • Identification of decision rules in experiments on simple games of proposal and response
    • Manski, Charles F. 2002. Identification of decision rules in experiments on simple games of proposal and response. European Economic Review 46, no. 4-5:880-91.
    • (2002) European Economic Review , vol.46 , Issue.4-5 , pp. 880-891
    • Manski, C.F.1
  • 47
    • 4444333170 scopus 로고    scopus 로고
    • Measuring expectations
    • Manski, Charles F. 2004. Measuring expectations. Econometrica 72, no. 5:1329-76.
    • (2004) Econometrica , vol.72 , Issue.5 , pp. 1329-1376
    • Manski, C.F.1
  • 48
    • 70350319588 scopus 로고
    • Estimation of dynamic structural models: Problems and prospects; part 1, discrete decision processes
    • In, ed. Christopher Sims and Jean-Jacques Laffont. New York: Cambridge University Press
    • Rust, John. 1991. Estimation of dynamic structural models: Problems and prospects; part 1, discrete decision processes. In Advances in econometrics: Proceedings of the sixth world congress of the Econometric Society, ed. Christopher Sims and Jean-Jacques Laffont. New York: Cambridge University Press.
    • (1991) Advances in econometrics: Proceedings of the sixth world congress of the Econometric Society
    • Rust, J.1
  • 49
    • 70350107178 scopus 로고
    • Structural estimation of Markov decision processes
    • In, ed. Robert F. Engle and Daniel L. McFadden, 3081-3043 North-Holland: Elsevier
    • Rust, John. 1994. Structural estimation of Markov decision processes. In Handbook of econometrics, vol. 4, ed. Robert F. Engle and Daniel L. McFadden, 3081-43. North-Holland: Elsevier.
    • (1994) Handbook of econometrics , vol.4
    • Rust, J.1
  • 50
    • 70350192140 scopus 로고    scopus 로고
    • Numerical dynamic programming in econometrics
    • In ed. Hans M. Amman, David A. Kendrick, and John Rust, North-Holland: Elsevier
    • Rust, John. 1996. Numerical dynamic programming in econometrics. In Handbook of computational economics, vol. 1, ed. Hans M. Amman, David A. Kendrick, and John Rust, 619-729. North-Holland: Elsevier.
    • (1996) Handbook of computational economics , vol.1 , pp. 619-729
    • Rust, J.1
  • 51
    • 0008539610 scopus 로고
    • Work expectations, human capital accumulation, and wages of young women
    • Sandell, Steven H., and David Shapiro. 1980. Work expectations, human capital accumulation, and wages of young women. Journal of Human Resources 15, no. 3:335-53.
    • (1980) Journal of Human Resources , vol.15 , Issue.3 , pp. 335-353
    • Sandell, S.H.1    Shapiro, D.2
  • 52
    • 0038373561 scopus 로고
    • Women's work plans: Contrasting actual expectations and actual work experience
    • Shaw, Lois B., and David Shapiro. 1987. Women's work plans: Contrasting actual expectations and actual work experience. Monthly Labor Review 100, no. 11:7-14.
    • (1987) Monthly Labor Review , vol.100 , Issue.11 , pp. 7-14
    • Shaw, L.B.1    Shapiro, D.2
  • 53
    • 78751636455 scopus 로고    scopus 로고
    • Learning about academic ability and the college drop-out decision
    • Department of Economics, University of Western Ontario
    • Stinebrickner, Todd, and Ralph Stinebrickner. 2008. Learning about academic ability and the college drop-out decision. Working paper, Department of Economics, University of Western Ontario.
    • (2008) Working paper
    • Stinebrickner, T.1    Stinebrickner, R.2
  • 54
    • 2742560759 scopus 로고    scopus 로고
    • Female labor supply and marital status decisions: A life cycle model
    • van der Klaauw, Wilbert. 1996. Female labor supply and marital status decisions: A life cycle model. Review of Economic Studies 63, no. 2: 199-235.
    • (1996) Review of Economic Studies , vol.63 , Issue.2 , pp. 199-235
    • van der Klaauw, W.1
  • 55
    • 50049122942 scopus 로고    scopus 로고
    • Social Security and the retirement and savings behavior of low-income households
    • van der Klaauw, Wilbert, and Kenneth I. Wolpin. 2008. Social Security and the retirement and savings behavior of low-income households. Journal of Econometrics 145, nos. 1-2:21-42.
    • (2008) Journal of Econometrics , vol.145 , Issue.1-2 , pp. 21-42
    • van der Klaauw, W.1    Wolpin, K.I.2
  • 56
    • 50049123974 scopus 로고    scopus 로고
    • Commentary on "Analysis of choice expectations in incomplete scenarios" by C. F. Manski
    • Wolpin, Kenneth I. 1999. Commentary on "Analysis of choice expectations in incomplete scenarios" by C. F. Manski. Journal of Risk and Uncertainty 19, no. 1-3:67-69.
    • (1999) Journal of Risk and Uncertainty , vol.19 , Issue.1-3 , pp. 67-69
    • Wolpin, K.I.1
  • 57
    • 3042924392 scopus 로고
    • On the use of expectations data in micro surveys: The case of retirement
    • US Department of Labor, Washington, DC
    • Wolpin, Kenneth I., and Fusun Gonul. 1985. On the use of expectations data in micro surveys: The case of retirement. Report on the Employment and Training Administration (March). US Department of Labor, Washington, DC.
    • (1985) Report on the Employment and Training Administration (March)
    • Wolpin, K.I.1    Gonul, F.2
  • 59
    • 79953009756 scopus 로고    scopus 로고
    • Can subjective expectations data be used in choicemodels? Evidence on cognitive biases
    • Zafar, Basit. 2011a. Can subjective expectations data be used in choicemodels? Evidence on cognitive biases. Journal of Applied Econometrics 26, no. 3:520-44.
    • (2011) Journal of Applied Econometrics , vol.26 , Issue.3 , pp. 520-544
    • Zafar, B.1
  • 60
    • 79952424875 scopus 로고    scopus 로고
    • How do college students form expectations?
    • Zafar, Basit. 2011b. How do college students form expectations? Journal of Labor Economics 29, no. 2:301-48.
    • (2011) Journal of Labor Economics , vol.29 , Issue.2 , pp. 301-348
    • Zafar, B.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.