Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/312098 
Authors: 
Year of Publication: 
2024
Series/Report no.: 
CESifo Working Paper No. 11588
Publisher: 
CESifo GmbH, Munich
Abstract: 
The gender gap in inflation expectations, women reporting systematically higher expectations in consumer surveys, has been attributed to traditional gender norms, and thus women's greater exposure to volatile food prices. This overlooks a crucial factor: financial answer confidence. Using data from German households, I show that the "grocery shopping" effect occurs only among those with low answer confidence, while there is no gap among those with high answer confidence. The interaction of financial answer confidence and the shopping experience can be explained through the lens of a simple Bayesian learning framework, where noisy signals only increase mean expectations when priors are imprecise.
Subjects: 
consumer inflation expectations
gender
financial literacy
JEL: 
E31
E71
G53
Document Type: 
Working Paper
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