Macro and Micro Level Subjective Expectations Information and Economic Behaviour

Grant number: DP130103755 | Funding period: 2013 - 2016

Completed

Abstract

This project examines the importance of economic expectations on the future state of the economy in decision making. It focuses on large life decisions such as going into retirement, paying for a university education and buying a house. The project also assess the extent to which people are able to make these predictions accurately.

Related publications (4)

The Importance of Economic Expectations for Retirement Entry*

B Broadway, JP de New

2021-03-01

We estimate hazard rates of retirement entry as a function of the option value of work. Individuals’ economic expectations about t..

Keep calm and consume? Subjective uncertainty and precautionary savings

Barbara Broadway, John P Haisken-DeNew

2019-07-01

This paper estimates the effect of income uncertainty on assets held in accounts and cash, and finds substantial empirical evidenc..

Keep calm and consume? Subjective uncertainty and precautionary savings

B BROADWAY, J Haisken-Denew

2017-07-01

This paper estimates the effect of income uncertainty on assets held in accounts and cash, and finds substantial empirical evidenc..

The Importance of Economic Expectations for Retirement Entry

J HAISKEN-DeNEW, B Broadway

2014-01-01

University of Melbourne Researchers

John de New