Ergebnisse für *

Zeige Ergebnisse 1 bis 4 von 4.

  1. Gender roles and the gender expectations gap
    Erschienen: [2021]
    Verlag:  Center for Advanced Studies on the Foundations of Law and Finance, House of Finance, Goethe University, Frankfurt am Main, Germany

    Expectations about economic variables vary systematically across genders. In the domain of inflation, women have persistently higher expectations than men. We argue that traditional gender roles are a significant factor in generating this gender... mehr

    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    keine Fernleihe
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 778
    keine Fernleihe

     

    Expectations about economic variables vary systematically across genders. In the domain of inflation, women have persistently higher expectations than men. We argue that traditional gender roles are a significant factor in generating this gender expectations gap as they expose women and men to different economic signals in their daily lives. Using unique data on the participation of men and women in household grocery chores, their resulting exposure to price signals, and their inflation expectations, we document a tight link between the gender expectations gap and the distribution of grocery shopping duties. Because grocery prices are highly volatile, and consumers focus disproportionally on positive price changes, frequent exposure to grocery prices increases perceptions of current inflation and expectations of future inflation. The gender expectations gap is largest in households whose female heads are solely responsible for grocery shopping, whereas no gap arises in households that split grocery chores equally between men and women. Our results indicate that gender differences in inflation expectations arise due to social conditioning rather than through differences in innate abilities, skills, or preferences.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/244696
    Schriftenreihe: LawFin working paper ; no. 16
    Schlagworte: Expectations; Experiences; Gender Gap; Perceptions; Social Conditioning
    Umfang: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  2. Subjective models of the macroeconomy: evidence from experts and representative samples
    Erschienen: October 2021
    Verlag:  ECONtribute, Bonn

    We study people’s subjective models of the macroeconomy and shed light on their at-tentional foundations. To do so, we measure beliefs about the effects of macroeconomic shocks on unemployment and inflation, providing respondents with identical... mehr

    Zugang:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 711
    keine Fernleihe

     

    We study people’s subjective models of the macroeconomy and shed light on their at-tentional foundations. To do so, we measure beliefs about the effects of macroeconomic shocks on unemployment and inflation, providing respondents with identical information about the parameters of the shocks and previous realizations of macroeconomic vari-ables. Within samples of both 6,500 US households and 1,500 experts, beliefs are widely dispersed, even about the directional effects of shocks, and there are large differences in average beliefs between households and experts. Part of this disagreement seems to arise from selective retrieval of different propagation channels of macroeconomic shocks. We confirm this mechanism causally by exogenously shifting households’ attention to ei-ther supply-side or demand-side channels. Moreover, households with different personal experiences recall different propagation channels of the shocks, while experts tend to re-call textbook models. Our findings offer a new perspective on the widely documented disagreement in macroeconomic expectations.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/248661
    Schriftenreihe: ECONtribute discussion paper ; no. 119
    Schlagworte: Expectation Formation; Subjective Models; Associations; Thoughts; Attention; Experiences; Macroeconomic Shocks; Monetary Policy; Fiscal Policy
    Umfang: 1 Online-Ressource (circa 150 Seiten), Illustrationen
  3. Attention to the macroeconomy
    Erschienen: 19 December 2023
    Verlag:  Centre for Economic Policy Research, London

    Zugang:
    Verlag (lizenzpflichtig)
    Verlag (lizenzpflichtig)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    LZ 161
    keine Fernleihe
    Universitätsbibliothek Mannheim
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Array ; DP18699
    Schlagworte: Attention; Expectation formation; Experiences; Inflation
    Umfang: 1 Online-Ressource (circa 84 Seiten), Illustrationen
  4. Attention to the macroeconomy
    Erschienen: [2023]
    Verlag:  CEBI, Department of Economics, University of Copenhagen, Copenhagen

    Attention to the economy plays a key role in canonical macro models, yet its empirical properties are not well understood. We collect novel measures of attention to the economy based on open-ended survey questions. Our measures are included in... mehr

    Zugang:
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 814
    keine Fernleihe

     

    Attention to the economy plays a key role in canonical macro models, yet its empirical properties are not well understood. We collect novel measures of attention to the economy based on open-ended survey questions. Our measures are included in tailored panel surveys of German firms and households, conducted before and during a large shock to inflation. Using these new datasets, we provide three sets of stylized facts. First, we describe the cross-sectional and time variation in attention to different aspects of the economy. Attention to the macroeconomy is characterized by large and persistent cross-sectional heterogeneity, responds strongly to changes in the economic environment, and is negatively correlated with attention to household- or firm-level topics. Second, we explore the link between attention and expectation formation. More attentive respondents are more likely to adjust inflation expectations during the shock, have higher confidence in their beliefs, and hold smaller misperceptions about realized inflation, yet their expectations about future inflation deviate more strongly from professional forecasts. Third, we study the role of experiences as a potential driver of attention. Consistent with similarity-based recall, individuals with past experiences of adverse inflation outcomes pay more attention to inflation in response to the shock.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: CEBI working paper series ; 23, 09
    Schlagworte: Attention; Expectation formation; Experiences; Inflation
    Umfang: 1 Online-Ressource (circa 82 Seiten), Illustrationen