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Asymmetric Attention

By Alexandre N. Kohlhas and Ansgar Walther

Review, September 2021

We document that the expectations of households, firms, and professional forecasters in standard surveys simultaneously extrapolate from recent events and underreact to new information. Existing models of expectation formation, whether behavioral or ratio...

Automated Linking of Historical Data

By Ran Abramitzky, Leah Boustan, Katherine Eriksson, James Feigenbaum, and Santiago é

Journal of Economic Literature, September 2021

The recent digitization of complete count census data is an extraordinary opportunity for social scientists to create large longitudinal datasets by linking individuals from one census to another or from other sources to the census. We evaluate differen...