theories have 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 … support theories that unmet expectations drive the age U-shape in wellbeing. …

This paper analyses retirement expectations and outcomes using the two waves of the UK Retirement Survey, undertaken in … 1988-89 and 1994. We argue that responses to questions on expectations are not straightforward to interpret where … individuals are asked to report point expectations. As in the studies for the US by Bernheim, the evidence here suggests that …

effect of wealth shocks on household consumption and individual expectations of the future. Many household experienced a … significant wealth shocks, but these shocks led to modest spending effects and small revisions to expectations regarding future … bequests. Expectations of bequests seem particularly tied to housing wealth. …

cultural identity and financial expectations and by large unrelated to economic background variables like income inequality. We … find evidence that negative financial expectations are positively related to Euroskepticism in Western European countries …

candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …, we manipulate the rational expectations of subjects and check whether this manipulation influences their effort provision …-based reference-dependent preferences: if expectations are high, subjects work longer and earn more money than if expectations are low. …