Heterogeneity in consumers' income and pension expectations

L. Bissonnette, Arthur van Soest

Research output: Contribution to journalArticleScientificpeer-review

6 Citations (Scopus)


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.
Original languageEnglish
Pages (from-to)439-465
JournalJournal of Pension Economics & Finance
Issue number4
Publication statusPublished - 2015


  • subjective probabilities
  • retirement
  • replacement rates


Dive into the research topics of 'Heterogeneity in consumers' income and pension expectations'. Together they form a unique fingerprint.

Cite this