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Heterogeneity in consumers’ income and pension expectations

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  • BISSONNETTE, LUC
  • VAN SOEST, ARTHUR

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.

Suggested Citation

  • Bissonnette, Luc & Van Soest, Arthur, 2015. "Heterogeneity in consumers’ income and pension expectations," Journal of Pension Economics and Finance, Cambridge University Press, vol. 14(4), pages 439-465, October.
    • Handle: RePEc:cup:jpenef:v:14:y:2015:i:04:p:439-465_00
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    Cited by:

    1. Andrés Dean & Sebastian Fleitas & Mariana Zerpa, 2024. "Dynamic Incentives in Retirement Earnings-Replacement Benefits," The Review of Economics and Statistics, MIT Press, vol. 106(3), pages 762-777, May.
    2. Massenot, Baptiste & Pettinicchi, Yuri, 2019. "Can households see into the future? Survey evidence from the Netherlands," Journal of Economic Behavior & Organization, Elsevier, vol. 164(C), pages 77-90.
    3. Etgeton, Stefan & Fischer, Björn & Ye, Han, 2023. "The effect of increasing retirement age on households’ savings and consumption expenditure," Journal of Public Economics, Elsevier, vol. 221(C).

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