Does age matter in inflation uncertainty?

Gespeichert in:

Autor*in:	Zhong, Chunping [verfasserIn] Huo, Jiaxu [verfasserIn]

Format:	E-Artikel
Sprache:	Englisch

Erschienen:	2024

Schlagwörter:	Age-heterogeneous Inflation expectations Subjective probability distribution Uncertainty

Übergeordnetes Werk:	Enthalten in: Economics letters - Amsterdam [u.a.] : Elsevier, 1978, 242(2024) vom: Sept., Artikel-ID 111834, Seite 1-9
Übergeordnetes Werk:	volume:242 ; year:2024 ; month:09 ; elocationid:111834 ; pages:1-9

Links:	Link aufrufen Link aufrufen

DOI / URN:	10.1016/j.econlet.2024.111834

Katalog-ID:	190696243X

Internformat


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982			\|2 26 \|1 00 \|x DE-206 \|b This letter studies age-heterogeneous inflation uncertainty. We contrast two measures of uncertainty: The variance of the respondents' subjective belief distribution and the relatively objective rounding-based uncertainty. Inconsistency of two measures suggests that older individuals may underestimate inflation uncertainty while the young tend to overestimate it. This is further supported by the observation that older individuals have higher prediction errors. The research indicates a potential bias in subjective uncertainty assessments of different age groups.

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allfields	10.1016/j.econlet.2024.111834 doi (DE-627)190696243X (DE-599)KXP190696243X DE-627 ger DE-627 rda eng Zhong, Chunping verfasserin (DE-588)1016944977 (DE-627)671784862 (DE-576)352886684 aut Does age matter in inflation uncertainty? Chunping Zhong, Jiaxu Huo 2024 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Age-heterogeneous (dpeaa)DE-206 Inflation expectations (dpeaa)DE-206 Subjective probability distribution (dpeaa)DE-206 Uncertainty (dpeaa)DE-206 Huo, Jiaxu verfasserin aut Enthalten in Economics letters Amsterdam [u.a.] : Elsevier, 1978 242(2024) vom: Sept., Artikel-ID 111834, Seite 1-9 Online-Ressource (DE-627)253781477 (DE-600)1460581-8 (DE-576)072794240 0165-1765 nnns volume:242 year:2024 month:09 elocationid:111834 pages:1-9 https://www.sciencedirect.com/science/article/pii/S0165176524003185/pdfft?md5=a1dbf5783c4a3ccb478ceec12aa48192&pid=1-s2.0-S0165176524003185-main.pdf Verlag kostenfrei https://doi.org/10.1016/j.econlet.2024.111834 Resolving-System kostenfrei GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_101 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2008 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2038 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2057 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2068 GBV_ILN_2088 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4029 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4116 GBV_ILN_4125 GBV_ILN_4155 GBV_ILN_4242 GBV_ILN_4246 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4311 GBV_ILN_4313 GBV_ILN_4314 GBV_ILN_4315 GBV_ILN_4317 GBV_ILN_4318 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4328 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4598 GBV_ILN_4700 AR 242 2024 9 111834 1-9 26 01 0206 4602957730 x1z 28-10-24 26 00 DE-206 This letter studies age-heterogeneous inflation uncertainty. We contrast two measures of uncertainty: The variance of the respondents' subjective belief distribution and the relatively objective rounding-based uncertainty. Inconsistency of two measures suggests that older individuals may underestimate inflation uncertainty while the young tend to overestimate it. This is further supported by the observation that older individuals have higher prediction errors. The research indicates a potential bias in subjective uncertainty assessments of different age groups.
spelling	10.1016/j.econlet.2024.111834 doi (DE-627)190696243X (DE-599)KXP190696243X DE-627 ger DE-627 rda eng Zhong, Chunping verfasserin (DE-588)1016944977 (DE-627)671784862 (DE-576)352886684 aut Does age matter in inflation uncertainty? Chunping Zhong, Jiaxu Huo 2024 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Age-heterogeneous (dpeaa)DE-206 Inflation expectations (dpeaa)DE-206 Subjective probability distribution (dpeaa)DE-206 Uncertainty (dpeaa)DE-206 Huo, Jiaxu verfasserin aut Enthalten in Economics letters Amsterdam [u.a.] : Elsevier, 1978 242(2024) vom: Sept., Artikel-ID 111834, Seite 1-9 Online-Ressource (DE-627)253781477 (DE-600)1460581-8 (DE-576)072794240 0165-1765 nnns volume:242 year:2024 month:09 elocationid:111834 pages:1-9 https://www.sciencedirect.com/science/article/pii/S0165176524003185/pdfft?md5=a1dbf5783c4a3ccb478ceec12aa48192&pid=1-s2.0-S0165176524003185-main.pdf Verlag kostenfrei https://doi.org/10.1016/j.econlet.2024.111834 Resolving-System kostenfrei GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_101 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2008 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2038 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2057 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2068 GBV_ILN_2088 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4029 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4116 GBV_ILN_4125 GBV_ILN_4155 GBV_ILN_4242 GBV_ILN_4246 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4311 GBV_ILN_4313 GBV_ILN_4314 GBV_ILN_4315 GBV_ILN_4317 GBV_ILN_4318 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4328 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4598 GBV_ILN_4700 AR 242 2024 9 111834 1-9 26 01 0206 4602957730 x1z 28-10-24 26 00 DE-206 This letter studies age-heterogeneous inflation uncertainty. We contrast two measures of uncertainty: The variance of the respondents' subjective belief distribution and the relatively objective rounding-based uncertainty. Inconsistency of two measures suggests that older individuals may underestimate inflation uncertainty while the young tend to overestimate it. This is further supported by the observation that older individuals have higher prediction errors. The research indicates a potential bias in subjective uncertainty assessments of different age groups.
allfields_unstemmed	10.1016/j.econlet.2024.111834 doi (DE-627)190696243X (DE-599)KXP190696243X DE-627 ger DE-627 rda eng Zhong, Chunping verfasserin (DE-588)1016944977 (DE-627)671784862 (DE-576)352886684 aut Does age matter in inflation uncertainty? Chunping Zhong, Jiaxu Huo 2024 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Age-heterogeneous (dpeaa)DE-206 Inflation expectations (dpeaa)DE-206 Subjective probability distribution (dpeaa)DE-206 Uncertainty (dpeaa)DE-206 Huo, Jiaxu verfasserin aut Enthalten in Economics letters Amsterdam [u.a.] : Elsevier, 1978 242(2024) vom: Sept., Artikel-ID 111834, Seite 1-9 Online-Ressource (DE-627)253781477 (DE-600)1460581-8 (DE-576)072794240 0165-1765 nnns volume:242 year:2024 month:09 elocationid:111834 pages:1-9 https://www.sciencedirect.com/science/article/pii/S0165176524003185/pdfft?md5=a1dbf5783c4a3ccb478ceec12aa48192&pid=1-s2.0-S0165176524003185-main.pdf Verlag kostenfrei https://doi.org/10.1016/j.econlet.2024.111834 Resolving-System kostenfrei GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_101 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2008 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2038 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2057 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2068 GBV_ILN_2088 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4029 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4116 GBV_ILN_4125 GBV_ILN_4155 GBV_ILN_4242 GBV_ILN_4246 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4311 GBV_ILN_4313 GBV_ILN_4314 GBV_ILN_4315 GBV_ILN_4317 GBV_ILN_4318 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4328 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4598 GBV_ILN_4700 AR 242 2024 9 111834 1-9 26 01 0206 4602957730 x1z 28-10-24 26 00 DE-206 This letter studies age-heterogeneous inflation uncertainty. We contrast two measures of uncertainty: The variance of the respondents' subjective belief distribution and the relatively objective rounding-based uncertainty. Inconsistency of two measures suggests that older individuals may underestimate inflation uncertainty while the young tend to overestimate it. This is further supported by the observation that older individuals have higher prediction errors. The research indicates a potential bias in subjective uncertainty assessments of different age groups.
allfieldsGer	10.1016/j.econlet.2024.111834 doi (DE-627)190696243X (DE-599)KXP190696243X DE-627 ger DE-627 rda eng Zhong, Chunping verfasserin (DE-588)1016944977 (DE-627)671784862 (DE-576)352886684 aut Does age matter in inflation uncertainty? Chunping Zhong, Jiaxu Huo 2024 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Age-heterogeneous (dpeaa)DE-206 Inflation expectations (dpeaa)DE-206 Subjective probability distribution (dpeaa)DE-206 Uncertainty (dpeaa)DE-206 Huo, Jiaxu verfasserin aut Enthalten in Economics letters Amsterdam [u.a.] : Elsevier, 1978 242(2024) vom: Sept., Artikel-ID 111834, Seite 1-9 Online-Ressource (DE-627)253781477 (DE-600)1460581-8 (DE-576)072794240 0165-1765 nnns volume:242 year:2024 month:09 elocationid:111834 pages:1-9 https://www.sciencedirect.com/science/article/pii/S0165176524003185/pdfft?md5=a1dbf5783c4a3ccb478ceec12aa48192&pid=1-s2.0-S0165176524003185-main.pdf Verlag kostenfrei https://doi.org/10.1016/j.econlet.2024.111834 Resolving-System kostenfrei GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_101 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2008 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2038 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2057 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2068 GBV_ILN_2088 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4029 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4116 GBV_ILN_4125 GBV_ILN_4155 GBV_ILN_4242 GBV_ILN_4246 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4311 GBV_ILN_4313 GBV_ILN_4314 GBV_ILN_4315 GBV_ILN_4317 GBV_ILN_4318 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4328 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4598 GBV_ILN_4700 AR 242 2024 9 111834 1-9 26 01 0206 4602957730 x1z 28-10-24 26 00 DE-206 This letter studies age-heterogeneous inflation uncertainty. We contrast two measures of uncertainty: The variance of the respondents' subjective belief distribution and the relatively objective rounding-based uncertainty. Inconsistency of two measures suggests that older individuals may underestimate inflation uncertainty while the young tend to overestimate it. This is further supported by the observation that older individuals have higher prediction errors. The research indicates a potential bias in subjective uncertainty assessments of different age groups.
allfieldsSound	10.1016/j.econlet.2024.111834 doi (DE-627)190696243X (DE-599)KXP190696243X DE-627 ger DE-627 rda eng Zhong, Chunping verfasserin (DE-588)1016944977 (DE-627)671784862 (DE-576)352886684 aut Does age matter in inflation uncertainty? Chunping Zhong, Jiaxu Huo 2024 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Age-heterogeneous (dpeaa)DE-206 Inflation expectations (dpeaa)DE-206 Subjective probability distribution (dpeaa)DE-206 Uncertainty (dpeaa)DE-206 Huo, Jiaxu verfasserin aut Enthalten in Economics letters Amsterdam [u.a.] : Elsevier, 1978 242(2024) vom: Sept., Artikel-ID 111834, Seite 1-9 Online-Ressource (DE-627)253781477 (DE-600)1460581-8 (DE-576)072794240 0165-1765 nnns volume:242 year:2024 month:09 elocationid:111834 pages:1-9 https://www.sciencedirect.com/science/article/pii/S0165176524003185/pdfft?md5=a1dbf5783c4a3ccb478ceec12aa48192&pid=1-s2.0-S0165176524003185-main.pdf Verlag kostenfrei https://doi.org/10.1016/j.econlet.2024.111834 Resolving-System kostenfrei GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_101 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2008 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2038 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2057 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2068 GBV_ILN_2088 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4029 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4116 GBV_ILN_4125 GBV_ILN_4155 GBV_ILN_4242 GBV_ILN_4246 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4311 GBV_ILN_4313 GBV_ILN_4314 GBV_ILN_4315 GBV_ILN_4317 GBV_ILN_4318 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4328 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4598 GBV_ILN_4700 AR 242 2024 9 111834 1-9 26 01 0206 4602957730 x1z 28-10-24 26 00 DE-206 This letter studies age-heterogeneous inflation uncertainty. We contrast two measures of uncertainty: The variance of the respondents' subjective belief distribution and the relatively objective rounding-based uncertainty. Inconsistency of two measures suggests that older individuals may underestimate inflation uncertainty while the young tend to overestimate it. This is further supported by the observation that older individuals have higher prediction errors. The research indicates a potential bias in subjective uncertainty assessments of different age groups.
language	English
source	Enthalten in Economics letters 242(2024) vom: Sept., Artikel-ID 111834, Seite 1-9 volume:242 year:2024 month:09 elocationid:111834 pages:1-9
sourceStr	Enthalten in Economics letters 242(2024) vom: Sept., Artikel-ID 111834, Seite 1-9 volume:242 year:2024 month:09 elocationid:111834 pages:1-9
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topic_facet	Age-heterogeneous Inflation expectations Subjective probability distribution Uncertainty
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container_title	Economics letters
authorswithroles_txt_mv	Zhong, Chunping @@aut@@ Huo, Jiaxu @@aut@@
publishDateDaySort_date	2024-09-01T00:00:00Z
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We contrast two measures of uncertainty: The variance of the respondents' subjective belief distribution and the relatively objective rounding-based uncertainty. Inconsistency of two measures suggests that older individuals may underestimate inflation uncertainty while the young tend to overestimate it. This is further supported by the observation that older individuals have higher prediction errors. The research indicates a potential bias in subjective uncertainty assessments of different age groups.</subfield></datafield></record></collection>
author	Zhong, Chunping
spellingShingle	Zhong, Chunping misc Age-heterogeneous misc Inflation expectations misc Subjective probability distribution misc Uncertainty Does age matter in inflation uncertainty?
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topic_title	26 00 DE-206 This letter studies age-heterogeneous inflation uncertainty. We contrast two measures of uncertainty: The variance of the respondents' subjective belief distribution and the relatively objective rounding-based uncertainty. Inconsistency of two measures suggests that older individuals may underestimate inflation uncertainty while the young tend to overestimate it. This is further supported by the observation that older individuals have higher prediction errors. The research indicates a potential bias in subjective uncertainty assessments of different age groups Does age matter in inflation uncertainty? Chunping Zhong, Jiaxu Huo Age-heterogeneous (dpeaa)DE-206 Inflation expectations (dpeaa)DE-206 Subjective probability distribution (dpeaa)DE-206 Uncertainty (dpeaa)DE-206
topic	misc Age-heterogeneous misc Inflation expectations misc Subjective probability distribution misc Uncertainty
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title_short	Does age matter in inflation uncertainty?
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code="j">2024</subfield><subfield code="c">9</subfield><subfield code="i">111834</subfield><subfield code="h">1-9</subfield></datafield><datafield tag="980" ind1=" " ind2=" "><subfield code="2">26</subfield><subfield code="1">01</subfield><subfield code="x">0206</subfield><subfield code="b">4602957730</subfield><subfield code="y">x1z</subfield><subfield code="z">28-10-24</subfield></datafield><datafield tag="982" ind1=" " ind2=" "><subfield code="2">26</subfield><subfield code="1">00</subfield><subfield code="x">DE-206</subfield><subfield code="b">This letter studies age-heterogeneous inflation uncertainty. We contrast two measures of uncertainty: The variance of the respondents' subjective belief distribution and the relatively objective rounding-based uncertainty. Inconsistency of two measures suggests that older individuals may underestimate inflation uncertainty while the young tend to overestimate it. This is further supported by the observation that older individuals have higher prediction errors. The research indicates a potential bias in subjective uncertainty assessments of different age groups.</subfield></datafield></record></collection>
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