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assumed that the U-shape is caused by unmet expectations that are felt painfully in midlife but beneficially abandoned and … experienced with less regret during old age. In a unique panel of 132,609 life satisfaction expectations matched to subsequent … theories that unmet expectations drive the age U-shape in wellbeing. …
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We examine the behavior of forecasts for real GDP growth using a large panel of individual forecasts from 30 advanced and emerging economies during 1989-2010. Our main findings are as follows. First, our evidence does not support the validity of the sticky information model (Mankiw and Reis,...
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changing expectations about the evolution of the economic conditions in various countries. This paper addresses the first … expectations and current economic conditions at origin are significant determinants of migration, diversion effects account for 78 …
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