Finance Seminar with Camelia M. Kuhnen, UNC Kenan-Flagler Business School
The Department of Finance is proud to announce the upcoming seminar with Camelia M. Kuhnen, UNC Kenan-Flagler Business School.
Camelia M. Kuhnen will present:
Expectations Uncertainty and Household Economic Behavior
We show that there exists significant heterogeneity across U.S. households in how uncertain they are in their expectations regarding personal and macroeconomic outcomes, and that uncertainty in expectations predicts households' choices. Individuals with lower income or education, more precarious finances, and living in counties with higher unemployment are more uncertain in their expectations regarding own-income growth, inflation, and national home price changes. People with more uncertain expectations, even accounting for their socioeconomic characteristics, exhibit more precaution in their consumption, credit, and investment behaviors.
Solbjerg Plads 3,