Finance Seminar with Camelia M. Kuhnen, UNC Kenan-Flagler Business School

On Friday November 15, 2019 Camelia M. Kuhnen, UNC Kenan-Flagler Business School, will be giving a seminar on the paper: "Expectations Uncertainty and Household Economic Behavior".

Friday, November 15, 2019 - 11:00 to 12:15

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

ABSTRACT
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.

PDF iconFind the paper here.

Location:
Solbjerg Plads 3,
2000 Frederiksberg
Room: SPs03

The page was last edited by: Department of Finance // 10/29/2019