Data and code for: Risk Exposure and Acquisition of Macroeconomic Information

Principal Investigator(s):  View help for Principal Investigator(s) Christopher Roth, University of Warwick, CESifo Research Network, briq, CEPR; Sonja Settele, CEBI, University of Copenhagen; Johannes Wohlfart , CESifo Research Network

Version:  View help for Version V1

Name File Type Size Last Modified
  ado-files 05/05/2021 12:29:PM
  data 05/05/2021 12:30:PM
  do-files 05/05/2021 12:30:PM
  output 05/05/2021 12:31:PM
All.log text/x-log 1.4 MB 05/05/2021 08:28:AM
DCAF.pdf application/pdf 68.2 KB 05/05/2021 08:28:AM
ReadMe.pdf application/pdf 370.2 KB 05/05/2021 08:28:AM

Project Citation: 

Roth, Christopher, Settele, Sonja, and Wohlfart , Johannes . Data and code for: Risk Exposure and Acquisition of Macroeconomic Information. Nashville, TN: American Economic Association [publisher], 2022. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2022-02-22. https://doi.org/10.3886/E131341V1

Project Description

Summary:  View help for Summary We conduct an experiment with a representative sample from the US to study households’ demand for macroeconomic information. Respondents who learn of a higher personal exposure to unemployment risk during recessions increase their demand for an expert forecast about the likelihood of a recession. This finding is consistent with macroeconomic models of endogenous information acquisition, according to which the demand for information depends on its expected benefits. Moreover, respondents’ updating about their personal unemployment risk suggests that households are imperfectly informed about their exposure to aggregate fluctuations, which may distort their beliefs about the benefits of acquiring macroeconomic information.

Funding Sources:  View help for Funding Sources Fritz Thyssen Stiftung (Germany); CEBI (DNRF134)

Scope of Project

Subject Terms:  View help for Subject Terms RCT; Risk Exposure ; Macroeconomic Conditions; Information Acquisition
JEL Classification:  View help for JEL Classification
      D12 Consumer Economics: Empirical Analysis
      D14 Household Saving; Personal Finance
      D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
      D84 Expectations; Speculations
      E32 Business Fluctuations; Cycles
      G11 Portfolio Choice; Investment Decisions
Geographic Coverage:  View help for Geographic Coverage U.S.
Collection Date(s):  View help for Collection Date(s) 8/2018 – 1/2019
Universe:  View help for Universe Full-time employees aged 18 and over living in the U.S.
Data Type(s):  View help for Data Type(s) census/enumeration data; experimental data; survey data

Methodology

Collection Mode(s):  View help for Collection Mode(s) web-based survey
Scales:  View help for Scales Several numerical and Likert-type scales were used.
Weights:  View help for Weights None
Unit(s) of Observation:  View help for Unit(s) of Observation Individuals
Geographic Unit:  View help for Geographic Unit State

Related Publications

Download this project

Published Versions

V1 [2022-02-22]

Export Metadata

Dublin Core

DDI 2.5

Report a Problem

Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.

This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.