Abstract
An important advantage of survey data over, for example, administrative data is the opportunity to directly measure subjective phenomena, such as respondents’ expectations on some future outcomes or their preferences over consumption bundles. The existing literature shows that data on expectations and preferences reported in carefully designed household surveys can greatly enhance the empirical content of models of economic decisions and choices. A particularly promising route is to combine subjective data with data on actual behaviour.
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Dominitz, J., van Soest, A. (2018). Survey Data, Analysis of. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2523
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DOI: https://doi.org/10.1057/978-1-349-95189-5_2523
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