经济
膨胀(宇宙学)
变化(天文学)
情感(语言学)
感知
专业预测者调查
人口经济学
货币经济学
心理学
货币政策
物理
沟通
神经科学
理论物理学
天体物理学
作者
William J. Bazley,Yosef Bonaparte,George M. Korniotis,Alok Kumar
出处
期刊:Management Science
[Institute for Operations Research and the Management Sciences]
日期:2023-11-01
标识
DOI:10.1287/mnsc.2022.02276
摘要
This paper examines whether perceptions of discrimination affect the economic expectations of U.S. households. We focus on two forms of expectations that play a central role in economic and financial decisions of households: labor income and inflation. Using experimental data, we demonstrate that discrimination generates greater dispersion in household forecasts. It increases subjective expectations of income uncertainty by 8% and inflation uncertainty by 5%. The impact of discrimination is concentrated among racial/ethnic minorities, inducing 12%–16% greater variation in their income uncertainty expectations and 10%–12% greater variation in their inflation uncertainty expectations. Both psychological and emotional factors appear to influence the discrimination–economic expectations relation. This paper was accepted by David Sraer, finance. Supplemental Material: The online appendix and data are available at https://doi.org/10.1287/mnsc.2022.02276 .
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