Stock Market Expectations of Dutch Households

Michael D. Hurd, Maarten van Rooij, Joachim Winter

NBER Working Paper No. 16464
Issued in October 2010

---- Acknowledgements -----

We would like to thank the Charles Bellemare, Charles Manski, James Banks, Thomas Crossley, Michael Haliassos, Gábor Kézdi, Michael Ornstein, Robert-Paul Berben and participants at several conferences and seminars for helpful comments on earlier versions of this paper. Financial support was provided by the Netherlands Organization for Scientific Research (NWO) and by the Dutch Central Bank (De Nederlandsche Bank). Part of this research was conducted while the third author stayed at DNB as a visiting scholar. Hurd gratefully acknowledges financial support from the U.S. National Institute on Aging via grants P01-AG026571 and P01-AG008291. The views expressed in this paper are those of the authors and do not necessarily reflect official positions of De Nederlandsche Bank (DNB) or the National Bureau of Economic Research.

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