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 …

findings provide insights to public authorities on how to announce lockdown measures and manage people's expectations. …

unconventional policies that aim to increase households' spending directly through managing their expectations. We first show … theoretically and empirically that higher in ation expectations increase households' consumption. We then design a difference … demand via managing expectations. Whereas unconventional fiscal policy increases households' expectations and spending …

return beliefs mirrors the importance of exerting self-control, such that return expectations first increase as the exam … find this prediction confirmed: average subjective expectations of returns increase by about 20% over the period before the …

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 …

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 incorporates expectations of near-future business cycles in a real business cycle model. The model has …

conditions. For example, one typically needs panel data on consumption, assumptions on expectations, and a parameterization of … and expectations. The results suggest that individually measured welfare functions and expectations have predictive power …

expectations in the sense that any other expectations justifying his choices imply a smaller likelihood for the history he observes … with limited memory, then there are rationally formed expectations equilibria exhibiting an excess volatility that no … rational expectations equilibrium can match. Given that the limited records or finite memory case may arguably be the relevant …