effect of the coronavirus crisis on household income and retirement wealth, households' expectations about the recovery, and …, which are stronger for younger households and those in lower income and wealth quintiles. Expectations about household … upward adjustments in expectations about household debt, desired working hours, and retirement age. Finally, respondents …

punishment decisions: Do punishers want to make sure that transgressors understand why they are being punished, and is this …, preregistered experiment (N = 1,959) we demonstrate that consideration for transgressors' beliefs affects punishment decisions on …

contributions mechanism with punishment (VCMP). We eliminate 'dynamic economic linkages' between the two stages of our 'modified …, culture, and endogenous emotions are the key determinants of contributions and punishments. The emotions of shame, frustration …

) Expectations have a significant effect on the probability of punishment but not on the intensity of experienced emotion. This last … hedonic impact. (2) Irritation and contempt drive punishment behavior. (3) There are discontinuous jumps in the behavior of … responders. They either choose no punishment (destroy nothing) or the highest level of punishment (destroy everything). (4 …

are higher that companies are more likely to exhibit more pessimistic business expectations for the upcoming months on … Mondays and more optimistic expectations at the end of the week. The same holds for the assessment of the current business …

substantially. We document this fact by comparing an easy-to-grasp expectations-based policy, unconventional fiscal policy, with a … consumption via managing inflation expectations based on the Euler equation. Unconventional fiscal policy uses trivial … announcements of future consumer-price increases to boost inflation expectations and consumption expenditure on impact. Instead …

Subjective expectations about future policy play an important role in individuals’ welfare. We examine how workers …’ expectations about pension reform vary with proximity to reforms, information cost, and aggregate information acquisition. We …-level representative survey data on expectations about future reforms and country-level data on online search. We find: (1) Expectations …