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

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GÜNDÜZ Ş., YILDIRIM S., DURUKAN SALI M. B.

SOSYOEKONOMI, cilt.28, sa.45, ss.245-263, 2020 (ESCI) identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 28 Sayı: 45
  • Basım Tarihi: 2020
  • Doi Numarası: 10.17233/sosyoekonomi.2020.03.14
  • Dergi Adı: SOSYOEKONOMI
  • Derginin Tarandığı İndeksler: Emerging Sources Citation Index (ESCI), TR DİZİN (ULAKBİM)
  • Sayfa Sayıları: ss.245-263
  • Anahtar Kelimeler: Inflation Perception, Monetary Policy, Behavioural Economics, PERCEIVED INFLATION, PRICE CHANGES, EXPECTATIONS
  • Dokuz Eylül Üniversitesi Adresli: Evet

Özet

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.