Journals / Sosyoekonomi / 2020 / Cilt: 28 - Sayı: 45

An Investigation of the Factors Affecting Inflation Perceptions: A Case Study on Business and Economics Undergraduate Students

Enflasyon Algısını Etkileyen Faktörler: İşletme ve İktisat Lisans Öğrencileri Üzerine Bir Çalışma

Pages
245–263
Publication Date
2020-07-30
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The findings reveal that economic literacy, financial situation, gender, and the degree of trust regarding official measures of inflation, and purchase frequency of goods also influence inflation perceptions significantly.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The aim of this study is to investigate the factors behind the inflation perceptions of undergraduate students of economics and business.
📊
Key Findings & Data:The empirical evidence suggests that economics students on the average estimate a higher level of inflation than the official rate however their perceptions are closer to actual rates compared to the other students.
💡
Conclusion & Impact:The findings reveal that economic literacy, financial situation, gender, and the degree of trust regarding official measures of inflation, and purchase frequency of goods also influence inflation perceptions significantly.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Enflasyon Algısı · Para Politikası · Davranışsal İktisat

Abstract

The aim of this study is to investigate the factors behind the inflation perceptions of undergraduate students of economics and business. Factors, such as education in economics, socio- demographic conditions, cognitive abilities, financial situation and consumption habits are investigated. The empirical evidence suggests that economics students on the average estimate a higher level of inflation than the official rate however their perceptions are closer to actual rates compared to the other students. The findings reveal that economic literacy, financial situation, gender, and the degree of trust regarding official measures of inflation, and purchase frequency of goods also influence inflation perceptions significantly.

Özet

Bu çalışmanın amacı iktisat ve işletme lisans öğrencilerinin enflasyon algısının arkasında yatan faktörleri araştırmaktır. Bu bağlamda, ekonomi eğitimi, sosyo-demografik koşullar, bilişsel yetenekler, finansal durum ve tüketim alışkanlıkları gibi faktörlerin enflasyon algısı üzerine etkisi incelenmektedir. Ampirik bulgular ekonomi öğrencilerinin enflasyon oranını ortalamada resmi orandan daha yüksek tahmin ettiğini ancak enflasyon oranı ile ilgili algılarının diğer öğrencilere göre gerçek enflasyon oranına daha yakın olduğunu göstermektedir. Çalışmanın sonuçları ekonomik okur yazarlık, finansal durum, cinsiyet, resmi rakamları açıklayan kuruma güven ve malların satın alma sıklığının da enflasyon algısı üzerinde etkili olduğunu ortaya koymaktadır.

🔖

Cite This Article

GUNDUZ, S., YILDIRIM, S., DURUKAN, M. B. (2020). An Investigation of the Factors Affecting Inflation Perceptions: A Case Study on Business and Economics Undergraduate Students. Sosyoekonomi, Cilt: 28 - Sayı: 45, 245–263. https://ajindex.com/articles/139606

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (11)

  1. Arioli, R. & C. Bates & H. Dieden & I. Duca & R., Friz & C. Gayer &, G. Kenny& A. Meyler & I. Pavlova (2017), “EU consumers’ quantitative inflation perceptions and expectations: an evaluation”, European Central Bank Occasional Paper Series No 186 (April 2017),, 09.10.2018.
  2. Ashton, M. J. (2012), ““Real-Feel” Inflation: Quantitative Estimation of Inflation Perceptions”, Business Economics, 47(1), 14–26.
  3. Bernanke, B. S. (2007), “Inflation expectations and inflation forecasting”, Speech at the Monetary Economics Workshop of NBER Summer Institute, Cambridge, Massachusetts, 09.10.2018.
  4. Brachinger, H. W. (2008), “A new index of perceived inflation: Assumptions, method, and application to Germany”, Journal of Economic Psychology, 29(4), 433–457.
  5. Bryan, M. & G. Venkatu (2001), “The curiously different inflation perspectives of men and women”, Federal Reserve Bank of Cleveland Economic Commentary, November. Cavallo, A. & G. Cruces &, R. Perez-Truglia (2017), “Inflation Expectations, Learning, and Supermarket Prices: Evidence from Survey Experiments”, American Economic Journal: Macroeconomics, 9(3), 1–35.
  6. Del Giovane, P. & S. Fabiani & R. Sabbatini (2008), “What’s behind ‘inflation perceptions’? A survey-based analysis of Italian consumers”, Banca d’Italia, Temi di Discussione, 655, January. Del Giovane, P. & S. Fabiani & R. Sabbatini (2009), “What’s behind ‘inflation perceptions’? A survey-based analysis of Italian consumers”, Giornale degli Economisti e Annali di Economia, Nuova Serie. 68(1), 25–52.
  7. Detmeister, A. & D. Lebow & E. Peneva (2016), “Inflation Perceptions and Inflation Expectations”, FEDS Notes, Washington: Board of Governors of the Federal Reserve System.,, 5.11.2017.
  8. Döhring, B. & A. Mordonu (2007), “What drives inflation perceptions? A dynamic panel data analysis”, European Economy-Economic Papers, 284, 1–24, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission. Dräger, L. (2015), “Inflation perceptions and expectations in Sweden – Are media reports the missing link?”, Oxford Bulletin of Economics and Statistics, 77(5), 681–700.
  9. Duffy, D. & P. D. Lunn (2009), “The Misperception of Inflation by Irish Consumers”, The Economic and Social Review, 40(2), 139–163.
  10. Fritzer, F. & F. Rumler (2015), “Determinants of Inflation Perceptions and Expectations: An Empirical Analysis for Austria”, Monetary Policy & the Economy, (1), 11–26.
  11. Georganas, S. & J. P. Healy & N. Li (2014), “Frequency bias in consumers’ perceptions’ of infla