Theory predicts a number of mechanisms through which survival expectations influence retirement decisions: a wealth … Ageing to test whether the timing of retirement is responsive to subjective survival expectations. Measurement error in … concave relationship between the propensity to retire and survival expectations. Men who are extremely pessimistic about their …

This paper investigates the ability of the adaptive learning approach to replicate the expectations of professional … simple, yet powerful benchmark models. We find that constant gain models provide a better fit for the expectations of …

Recent literature on monetary policy has emphasised the role of expectations and the merits of tying them down through … then, under the assumption of predetermined expectations. We argue that in these circumstances, the provision of clear …

The way in which individual expectations shape aggregate macroeconomic variables is crucial for the transmission and … effectiveness of monetary policy. We study the individual expectations formation process and the interaction with monetary policy … heterogeneous forecasting heuristics, to explain coordination of individual expectations and aggregate macro behavior observed in …

expectations in six key member countries of the euro area. Our findings reveal a pronounced heterogeneity in the learning rules … prices (France) or form their expectations by means of more traditional learning rules (Belgium, Spain). Moreover, our …

started to elicit private households' expectations of stock market returns. This paper reports findings from a study that … collected data over a two-year period both on households' stock market expectations (subjective probabilities of gains or losses …) and on whether they own stocks. We document substantial heterogeneity in financial market expectations. Expectations are …