Abstract Models of microeconomic consumption (including those used in HA-macro models)
typically calibrate the size of income risk to match panel data on household income …

We develop a time series of quits and layoffs using the Current Population Survey, and
analyze their relationship with labor supply decisions over the business cycle. Our findings …

We propose a regression-based approach to estimate how individuals' expectations
influence their responses to a counterfactual change. We provide conditions under which …

We introduce a survey instrument to measure earnings risk allowing for the possibility of
quitting or being fired from the current job. We find these transitions to be the key drivers of …

In the pre-pandemic period, measures of consumer labor market perceptions correlated well
with the aggregate unemployment rate. However, for more than a year during the pandemic …

Existing empirical tests of different models of expectation formation using survey
expectations have been primarily based on patterns of forecast errors, revisions and …

We study business uncertainty in volatile environments by surveying 31,000 managers
across 41 countries and building a dynamic model to quantify the implications. We elicit …

Essays on Macroeconomics and Behavioral Economics Page 1 Essays on Macroeconomics and
Behavioral Economics by Eungik Lee A dissertation submitted in partial fulfillment of the …

The three chapters in this dissertation focus on understanding the heterogeneity patterns
and formation mechanisms of agents' expectations and risk perceptions, and explore their …

BLS convened an Employment and Work Arrangements Content Panel to provide
recommendations for the collection of employment data from the planned National …