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, Ricardo and Sean Myers. 2021. “Subjective Cash Flow and Discount Rate Expectations.” The Journal of Finance 76 (3): 1339-1387. Bibtex 


De La O, Ricardo and Sean Myers. 2024. “Which Subjective Expectations Explain Asset Prices?” The Review of Financial Studies 37 (6): 1929–1978. Bibtex