منابع مشابه
Retirement Expectations and Pension Reforms
We estimate the effect of pension reforms on households’ expectations of retirement outcomes and wealth accumulation decisions exploiting a decade of pension reforms as a source of exogenous variation in expected pension wealth. Two parameters are crucial to estimate pension wealth: the age at which workers expect to retire and the expected ratio of pension benefits to pre-retirement income. Th...
متن کاملStigma and Self-Fulfilling Expectations of Criminality
A convicted criminal suffers not only from public penalties, but from stigma, the reluctance of others to interact with him economically and socially. Conviction can convey useful information about a person, which makes stigmatization an important and legitimate function of the criminal justice system, quite apart from moral considerations. Whether stigma will operate in this way depends on exp...
متن کاملThe Self-Fulfilling Prophecy of Adolescent Social Expectations.
Adolescents' negative social expectations of their peers were examined as long-term predictors of problematic self-reported social functioning. Early adolescent negative expectations were hypothesized to predict risk-averse functioning in late adolescence that would ultimately contribute to confirmation of those expectations. Utilizing observational data and friend- and self-reports from a comm...
متن کاملExpectations and Contagion in Self-Fulfilling Currency Attacks
This paper shows how expectations-driven contagion of currency crises can arise even if the currency market has a unique equilibrium when viewed in isolation. The model of Morris and Shin (1998) is extended to allow speculators to trade in a second currency market. If speculators believe that a devaluation of this other currency will make a domestic devaluation more likely, they will engage in ...
متن کاملMonetary Policy and Self- Fulfilling Expectations: The Danger of Forecasts
Economists have long argued that the best, surest way for a central bank to do its job is to adopt some sort of rule and stick to it. They reason that a central bank’s short-term objectives may be inconsistent with its long-term goals; a rule should prevent the bank from undermining long-range goals for the sake of short-term results.1 Using a rule also makes a central bank’s actions more trans...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The Journal of Insurance
سال: 1962
ISSN: 1047-3483
DOI: 10.2307/250613