Comparing groups with respect to hypothetical constructs requires that the measurement models are equal across groups. Otherwise conclusions drawn from the observed indicators regarding differences at the latent level (mean differences, differences in the structural relations) might be severly...

We show empirically that survey-based measures of expected inflation are significant and strong predictors of future aggregate stock returns in several industrialized countries both in-sample and out-of-sample. By empirically discriminating between competing sources of this return predictability...

In the past there have been many empirical studies dealing with the behavior of respondents in interview situations. Most of these refer to data from surveys and describe an interview situation where respondents and interviewer meet only once. The advantage of this study is the possibility of...