Heterogeneity in consumers’ income and pension expectations*

Luc Bissonnette and Arthur van Soest ()

Journal of Pension Economics and Finance, 2015, vol. 14, issue 4, 439-465

Abstract: The expectations of economic agents play a crucial role in almost any inter-temporal economic model. Using 2009–12 panel data for a representative sample of the Dutch population, we analyze consumers’ income and pension expectations. We focus on heterogeneity across socioeconomic groups and associations with how consumers perceive the economic and financial crisis. We find that pension expectations become more pessimistic over the 4 years, in line with pension reforms and the crisis. We find substantial differences across groups that are generally plausible and in line with financial theory.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jpenef:v:14:y:2015:i:04:p:439-465_00

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