Expectations of Inflation: The Role of Demographic Variables, Expectation Formation, and Financial Literacy

By W. Bruine de Bruin, Wilbert Vanderklaauw, Julie S. Downs, Baruch Fischhoff, Giorgio Topa, Olivier Armantier. 2010

177 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/0d64b935bbc820d78c7aaad5deb2a7d8b8670809

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Jing Jian Xiao
2. Cheng Chen
3. Lei Sun
4. Wiebke Eberhardt
5. Y. Gorodnichenko
6. Neha Garg
7. basit. zafar
8. JoNell Strough

In Economics and Econometrics

1. Olivier Coibion
2. Y. Gorodnichenko
3. basit. zafar
4. Jing Jian Xiao
5. Cheng Chen
6. Wilbert van der Klaauw
7. Giorgio Topa
8. Lei Sun

In General Decision Sciences

1. Cheng Chen
2. Wiebke Eberhardt
3. JoNell Strough
4. basit. zafar
5. Wilbert van der Klaauw
6. Giorgio Topa
7. Y. Gorodnichenko
8. Olivier Armantier

Citations in the corpus

• Financial Literacy Around the World: An Overview of the Evidence with Practical Suggestions for the Way Forward (2012, unknown): “In a similar experiment, Bruine de Bruin et al. (2010) likewise find that higher inflationary expectations among individuals in the U.S. are correlated with lower levels of financial literacy.”
• The Formation of Expectations, Inflation, and the Phillips Curve (2018, background): “Souleles (2004) finds consumer demographics are correlated with inflation forecast errors in the MSC. Bruine de Bruin et al. (2010) highlight how inflation expectations are higher among those with lower financial literacy.”
• Financial literacy among youth (2018, background): “Researchers have found that financial literate individuals have lower inflation expectations (Bruine de Bruin et al., 2010), have an understanding of the impact of inflation on return (Lusardi and Mitchell, 2011; Atkinson and Messy, 2012; Agarwalla et al., 2013), usually borrow at low cost and pay…”
• Age differences in consumer financial capability (2015, background): “Researchers also examined potential effects of financial literacy on borrowing behavior (Huston, 2012; Sevim et al., 2012), saving behavior (Huang et al., 2013), inflation expectations (Bruine de Bruin et al., 2010), and financial behavior (Xiao et al., 2014a).”
• Age differences in financial decision making: T he benefits of more experience and less negative emotions (2018, background): “…has been identified as relevant for making decisions about health insurance (Peters, Hibbard, Slovic, & Dieckmann, 2007), assessing inflation (Bruine de Bruin et al., 2010), understanding risks and benefits of medical screening (Reyna, Nelson, Han, & Dieckmann, 2009), and retirement planning…”
• An Overview of the Survey of Consumer Expectations (2016, methodology): “…design of the SCE builds on this previous research and was informed, in large part, by our experiences with the Household Inflation Expectations Project (HIEP), wherein we fielded surveys every six weeks on RAND’s American Life Panel (ALP) going back to 2007 (Bruine de Bruin et al. 2010a).”