Aggregate stock market cash flow expectations

Survey expectations of dividend growth and earnings growth for the S&P 500. 

Dividend growth (download)  (notes)

Earnings growth (download) (notes)


Suggested citations: 

DE LA O, R. and MYERS, S. (2021), Subjective Cash Flow and Discount Rate Expectations. The Journal of Finance, 76: 1339-1387. https://doi.org/10.1111/jofi.13016 


DE LA O, R. and MYERS, S. (2024), Which Subjective Expectations Explain Asset Prices?. The Review of Financial Studies (Advance Access) https://doi.org/10.1093/rfs/hhae009