Inflated expectations and natural resource booms: evidence from Kazakhstan

Inflated expectations and natural resource booms: evidence from Kazakhstan

We use the exogenous variation in oil prices to study the negative effect of income aspirations on households' satisfaction with income. To evaluate the effect we use data on reported satisfaction with income from Kazakhstan's Household Budget Survey - a quarterly, unbalanced panel of hous...

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Формат:	Working paper
Хэвлэсэн:	University of Oxford 2013

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