We study how expectations of fund flows causally affect fund performance by exploiting a quasi-natural experiment in the Australian pension system where an unexpected policy change temporarily allowed fund withdrawals from a pre-specified date in the future. Using fractions of young members,...

The aim of this study is to analyse factors influencing the expenditure of British travellers on different items of consumption. Original data were collected using a questionnaire. The total sample size is 1361. Differences are observed on the relevance of the explanatory variables for each...