Evaluating the Accuracy of Counterfactuals The Role of Heterogeneous Expectations in Life Cycle Models

Keyphrases

• Life-cycle Model 100%
• Out-of-sample Forecasting 100%
• Heterogeneous Expectations 100%
• Counterfactual Prediction 100%
• Individual-specific 50%
• Dutch 50%
• Dynamic Model 50%
• Institutional Context 50%
• Subjective Expectations 50%
• Retirement Age 50%
• Survival Probability 50%
• Pension Benefits 50%
• Survival Expectations 50%
• Homogeneous Expectations 50%
• Survey Information 50%
• Subjective Survey 50%

Economics, Econometrics and Finance

• Life Cycle Model 100%