Women overestimate inflation more than men
Researchers at the Federal Reserve Bank of Cleveland publish a paper titled The Curiously Different Inflation Perspectives of Men and Women:
The data indicate that the public's estimates and predictions of inflation are significantly and systematically related to the demographic characteristics of the respondents. People with high incomes perceive and anticipate much less inflation than people with low incomes, married people less than singles, whites less than nonwhites, and middle-aged people less than young people.
In the roughly 20,000 responses we have received from our telephone survey since August 1998, the average rate at which respondents thought prices had risen over the previous 12 months was about 6.0 percent. This "perception" of inflation is more than twice the rise recorded by the Consumer Price Index (CPI) over the same period (2.7 percent). Further, if we separate our sample by gender, we find that the average inflation perceived by the nearly 8,500 men who answered our survey was 4.6 percent. While this response is higher than the official CPI inflation estimate, it pales in comparison to the 6.9 percent inflation perceived by the roughly 11,500 women who took our survey.
But statistical tests reveal that even after we adjust for the respondents' age, race, education, and income, women in our survey tended to think inflation was 1.9 percentage points higher than men. A similar examination of respondents' predictions of future inflation yields the same basic result: After we account for other major demographic factors, on average, women expected prices to rise 2.1 percentage points more than men.