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. 2021 May 18;118(21):e2008534118. doi: 10.1073/pnas.2008534118

Table 2.

Inflation expectations: subsamples and stay-home mums

1 2 3 4 5 6
Female no Female some Full Female Female Full
Sample groceries groceries sample worker home sample
Female 0.186 0.382*** −0.486 0.249** 0.648** 0.241**
(0.357) (0.111) (0.336) (0.113) (0.322) (0.111)
Female × 0.716** 0.506*
Female some groceries (0.321) (0.287)
Female stays home
Demographics X X X X X X
Expectations X X X X X X
Household FE X X X X X X
R2 0.657 0.615 0.616 0.624 0.614 0.616
Observations 1,806 19,060 20,866 17,289 3,577 20,866

Shown are ordinary-least-squares coefficients and standard errors clustered at the household level (in parentheses). Observations are the responses of male and female heads of household in the customized Chicago Booth Expectations and Attitudes Survey, which we fielded in June 2015 and 2016. In all columns, the outcome variable is respondents’ 12-mo-ahead numerical inflation expectations. Column 1 restricts the sample to households whose female head does not do any grocery shopping. Column 2 uses the complementary sample of households whose female head does at least some grocery shopping; that is, she is the main grocery shopper or does some grocery shopping. Column 4 restricts the sample to households whose female head is employed in the formal labor market. Column 5 uses the complementary sample of households whose female head is a homemaker. In columns 2 and 5, the indicators Female some groceries and Female home equal 1 for both male and female heads of households whose female head does some grocery shopping or is a homemaker, respectively. (The levels of these household-level indicators are fully absorbed by the household fixed effect.) Female is a dummy variable that equals 1 for female heads and 0 otherwise. Demographics include age, square of age, employment status, 16 income dummies, home ownership, marital status, college dummy, four race dummies, reported risk tolerance, and confidence in inflation expectations. Expectations include dummies for respondents’ 12-mo-ahead qualitative income expectations, 12-mo-ahead individual financial soundness, and 12-mo-ahead aggregate US growth. *P<0.10, **P<0.05, ***P<0.01.