IDEAS home Printed from https://ideas.repec.org/a/gam/jadmsc/v13y2023i2p60-d1068215.html
   My bibliography  Save this article

Gender Differences in Inflation Expectations: Recent Evidence from India

Author

Listed:
  • Swapnil Virendra Chalwadi

    (School of Liberal Arts, Dr. Vishwanath Karad MIT World Peace University, Pune 411038, India
    Department of Economics, Prof. Ramakrishna More Arts, Commerce & Science College, Pune 411044, India)

  • Preeti Tushar Joshi

    (School of Liberal Arts, Dr. Vishwanath Karad MIT World Peace University, Pune 411038, India)

  • Nitin Mohanlal Sharma

    (School of Liberal Arts, Dr. Vishwanath Karad MIT World Peace University, Pune 411038, India)

  • Chaitanya Gite

    (School of Liberal Arts, Dr. Vishwanath Karad MIT World Peace University, Pune 411038, India)

  • Sangita Salve

    (Department of Economics, Dr. Arvind B. Telang Senior College of Arts, Commerce & Science, Akurdi, Pune 411044, India)

Abstract

This study investigates gender disparities in inflation expectations in India using data from the Reserve Bank of India’s Households’ Inflation Expectations Survey (March 2011 to September 2022). To determine these differences, the authors analyze the expectations of future prices for various categories including food products, nonfood products, household durables, housing, and general prices for both a short-term horizon (the next three months) and a long-term horizon (one year ahead). The authors employ independent sample t test, ordinary least square (OLS) regression, and ordinal logistic regression (OLOGIT) models to assess the average inflation expectations disparities between genders. The results demonstrate a significant relationship between gender and inflation expectations, with the findings indicating that, on average, females exhibit higher inflation expectations compared to males.

Suggested Citation

  • Swapnil Virendra Chalwadi & Preeti Tushar Joshi & Nitin Mohanlal Sharma & Chaitanya Gite & Sangita Salve, 2023. "Gender Differences in Inflation Expectations: Recent Evidence from India," Administrative Sciences, MDPI, vol. 13(2), pages 1-14, February.
    • Handle: RePEc:gam:jadmsc:v:13:y:2023:i:2:p:60-:d:1068215
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2076-3387/13/2/60/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2076-3387/13/2/60/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Michael F. Bryan & Guhan Venkatu, 2001. "The curiously different inflation perspectives of men and women," Economic Commentary, Federal Reserve Bank of Cleveland, issue Nov.
    2. Reid, Monique & Siklos, Pierre & Plessis, Stan Du, 2021. "What drives household inflation expectations in South Africa? Demographics and anchoring under inflation targeting," Economic Systems, Elsevier, vol. 45(3).
    3. Hsu, Yuan-Lin & Chen, Hung-Ling & Huang, Po-Kai & Lin, Wan-Yu, 2021. "Does financial literacy mitigate gender differences in investment behavioral bias?," Finance Research Letters, Elsevier, vol. 41(C).
    4. Michael Weber & Francesco D'Acunto & Yuriy Gorodnichenko & Olivier Coibion, 2022. "The Subjective Inflation Expectations of Households and Firms: Measurement, Determinants, and Implications," Journal of Economic Perspectives, American Economic Association, vol. 36(3), pages 157-184, Summer.
    5. Potrich, Ani Caroline Grigion & Vieira, Kelmara Mendes & Kirch, Guilherme, 2018. "How well do women do when it comes to financial literacy? Proposition of an indicator and analysis of gender differences," Journal of Behavioral and Experimental Finance, Elsevier, vol. 17(C), pages 28-41.
    6. Breitung, Jörg & Schmeling, Maik, 2013. "Quantifying survey expectations: What’s wrong with the probability approach?," International Journal of Forecasting, Elsevier, vol. 29(1), pages 142-154.
    7. Angelico, Cristina & Marcucci, Juri & Miccoli, Marcello & Quarta, Filippo, 2022. "Can we measure inflation expectations using Twitter?," Journal of Econometrics, Elsevier, vol. 228(2), pages 259-277.
    8. Abildgren, Kim & Kuchler, Andreas, 2021. "Revisiting the inflation perception conundrum," Journal of Macroeconomics, Elsevier, vol. 67(C).
    9. Zhu, Dan & Hodgkinson, Lynn & Wang, Qingwei, 2021. "Interaction and decomposition of gender difference in financial risk perception," Journal of Behavioral and Experimental Finance, Elsevier, vol. 30(C).
    10. Satish Ranchhod, 2003. "The relationship between inflation expectations survey data and inflation," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 66, December.
    11. Bezalel, Jonathan & Mugerman, Yevgeny & Winter, Eyal, 2021. "Meaning and gender differences," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 95(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Massimiliano Marcellino & Dalibor Stevanovic, 2022. "The demand and supply of information about inflation," Working Papers 22-06, Chair in macroeconomics and forecasting, University of Quebec in Montreal's School of Management, revised Nov 2022.
    2. Alberto Prati, 2024. "The Well‐Being Cost of Inflation Inequalities," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 70(1), pages 213-238, March.
    3. Corduas, Marcella, 2022. "Gender differences in the perception of inflation," Journal of Economic Psychology, Elsevier, vol. 90(C).
    4. Schnorpfeil, Philip & Weber, Michael & Hackethal, Andreas, 2023. "Households' response to the wealth effects of inflation," SAFE Working Paper Series 400, Leibniz Institute for Financial Research SAFE.
    5. repec:zbw:bofrdp:2021_010 is not listed on IDEAS
    6. Born, Benjamin & Enders, Zeno & Müller, Gernot J., 2023. "On FIRE, news, and expectations," Working Papers 42, German Research Foundation's Priority Programme 1859 "Experience and Expectation. Historical Foundations of Economic Behaviour", Humboldt University Berlin.
    7. Sof'a Gallardo & Carlos Madeira, 2022. "The role of financial surveys for economic research and policy making in emerging markets," Chapters, in: Duc K. Nguyen (ed.), Handbook of Banking and Finance in Emerging Markets, chapter 36, pages 676-686, Edward Elgar Publishing.
    8. Christian Gillitzer & Nalini Prasad & Tim Robinson, 2021. "Political Attitudes and Inflation Expectations: Evidence and Implications," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(4), pages 605-634, June.
    9. Wehrhöfer, Nils, 2023. "Energy prices and inflation expectations: Evidence from households and firms," Discussion Papers 28/2023, Deutsche Bundesbank.
    10. Xinyu Li & Zihan Tang, 2022. "Sentiment Analysis on Inflation after Covid-19," Papers 2209.14737, arXiv.org, revised Dec 2022.
    11. Sumaira Khawar & Aamir Sarwar, 2021. "Financial literacy and financial behavior with the mediating effect of family financial socialization in the financial institutions of Lahore, Pakistan," Future Business Journal, Springer, vol. 7(1), pages 1-11, December.
    12. Oscar Claveria & Enric Monte & Salvador Torra, 2017. "A new approach for the quantification of qualitative measures of economic expectations," Quality & Quantity: International Journal of Methodology, Springer, vol. 51(6), pages 2685-2706, November.
    13. Abildgren, Kim & Kuchler, Andreas, 2021. "Revisiting the inflation perception conundrum," Journal of Macroeconomics, Elsevier, vol. 67(C).
    14. Donato Masciandaro & Davide Romelli & Gaia Rubera, 2021. "Monetary policy and financial markets: evidence from Twitter traffic," BAFFI CAREFIN Working Papers 21160, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    15. Becker, Christoph & Dürsch, Peter & Eife, Thomas A. & Glas, Alexander, 2023. "Households' probabilistic inflation expectations in high-inflation regimes," ZEW Discussion Papers 23-072, ZEW - Leibniz Centre for European Economic Research.
    16. Travis Adams & Andrea Ajello & Diego Silva & Francisco Vazquez-Grande, 2023. "More than Words: Twitter Chatter and Financial Market Sentiment," Papers 2305.16164, arXiv.org.
    17. Yusuf Soner Baskaya & Hakan Kara & Defne Mutluer, 2008. "Expectations, Communication and Monetary Policy in Turkey," Working Papers 0801, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    18. Ignazio Visco, 2023. "Inflation Expectations and Monetary Policy in the Euro Area," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 51(2), pages 111-129, September.
    19. Monique Reid & Pierre Siklos, 2023. "Rationality and biases insights from disaggregated firm level inflation expectations data," Working Papers 11050, South African Reserve Bank.
    20. Efrat Dressler & Yevgeny Mugerman, 2023. "Doing the Right Thing? The Voting Power Effect and Institutional Shareholder Voting," Journal of Business Ethics, Springer, vol. 183(4), pages 1089-1112, April.
    21. Johnny Runge & Nathan Hudson-Sharp, 2020. "Public Understanding of Economics and Economic Statistics," Economic Statistics Centre of Excellence (ESCoE) Occasional Papers ESCOE-OP-03, Economic Statistics Centre of Excellence (ESCoE).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jadmsc:v:13:y:2023:i:2:p:60-:d:1068215. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.