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Title: Gender Roles and the Gender Expectations Gap

Author(s): Francesco D'Acunto, Ulrike M. Malmendier and Michael Weber

Publication Date: June 2020

Keyword(s): Expectations, Experiences, exposure, Gender Gap and Perceptions

Programme Area(s): Financial Economics and Labour Economics

Abstract: Expectations about economic variables vary systematically across genders. In the domain of inflation, women have systematically 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. Since 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. We show that the gender expectations gap is largest in households whose female heads are solely responsible for grocery shopping, whereas no gap arises in households in which grocery shopping is split equally between men and women. We discuss how gender roles, through the gender expectations gap, can lead women to suboptimal economic choices.

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Bibliographic Reference

D'Acunto, F, Malmendier, U and Weber, M. 2020. 'Gender Roles and the Gender Expectations Gap'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=14932