Common Retrospective Economic Perception Items Show Good Test-Retest Reliability

18 March 2022, Version 1
This content is an early or alternative research output and has not been peer-reviewed at the time of posting.

Abstract

Retrospective economic perception items dominate economic voting research. Though they are well-used, their measurement properties are not well-known In this short note, I assess the items’ test-retest reliability for the first time. I make three contributions. First, I show that the items have good test-retest reliability. Second, I show that personal items are more reliable than national ones. Third, I show that the items’ reliability likely does not affect model parameter estimates. Thus, though these items have their problems, reliability is likely not one of them.

Keywords

economic perceptions
survey measurement
economic voting
item reliability

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