Personality traits and the perception of macroeconomic indicators
- I examine the determinants of both perceived inflation and unemployment in one single survey and include Big Five traits in the analysis. This is the first survey on this topic in Germany. My sample consists of 1771 students from different fields and levels. Using PhD students’ estimates as a reference, I create categories for underestimation and overestimation of both variables. Multinomial logit regressions show that females overestimate both variables. Education and news consumption reduce misestimation. A higher level of Neuroticism is related with a higher probability to overestimate unemployment. Overstating (understating) one indicator is associated with overstating (understating) the other.
| Author details: | Andreas OrlandORCiDGND |
|---|---|
| DOI: | https://doi.org/10.1111/boer.12110 |
| ISSN: | 0307-3378 |
| ISSN: | 1467-8586 |
| Title of parent work (English): | Bulletin of Economic Research |
| Subtitle (English): | Survey Evidence |
| Publisher: | Wiley |
| Place of publishing: | Hoboken |
| Publication type: | Article |
| Language: | English |
| Date of first publication: | 2016/11/28 |
| Publication year: | 2016 |
| Release date: | 2021/10/13 |
| Tag: | cross-sectional heterogeneity; inflation perception; personality traits; unemployment perception |
| Volume: | 69 |
| Issue: | 4 |
| Number of pages: | 23 |
| First page: | E150 |
| Last Page: | E172 |
| Organizational units: | Wirtschafts- und Sozialwissenschaftliche Fakultät / Wirtschaftswissenschaften |
| DDC classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Peer review: | Referiert |
| Publishing method: | Open Access / Green Open-Access |
