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metadata language: English

Replication data for: Dynamic Implications of Subjective Expectations: Evidence from Adult Smokers

Version
V0
Resource Type
Dataset
Creator
  • Wang, Yang
Publication Date
2014-01-01
Description
  • Abstract

    We set up a dynamic discrete choice model with subjective expectations data to explain adult smokers' find important differences between subjective survival probabilities and those estimated using observed mortality data. Subjectively, individuals attach less weight to their health conditions and smoking choices and more weight to such factors as age, race, and parents' longevity. Moreover, adult smokers are found to care more about their health and to be more forward-looking than predicted by a rational expectations framework. We further show the importance of unobserved heterogeneity in agents' subjective survival probabilities, and discuss policy implications of subjective expectations.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/app.6.1.1 (Text)
Publications
  • Wang, Yang. “Dynamic Implications of Subjective Expectations: Evidence from Adult Smokers.” American Economic Journal: Applied Economics 6, no. 1 (January 2014): 1–37. https://doi.org/10.1257/app.6.1.1.
    • ID: 10.1257/app.6.1.1 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Wang, Yang (2014): Replication data for: Dynamic Implications of Subjective Expectations: Evidence from Adult Smokers. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E113877