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Gender differences in macroeconomic expectations: evidence from Turkey

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  • Atilla Cifter
  • Dilek Teker

Abstract

The aim of this study is to examine how men and women’s expectations differ about macroeconomic outlook. We examine whether there exist similarities or differences in men and women’s macroeconomic expectations. For this paper, 365 of Turkey’s leading business economists, strategists, portfolio managers and industry managers participated in a survey titled “Economic Expectations in Turkey for 2010.” The survey investigates gender differences in regards to four macroeconomic expectations; namely, inflation, unemployment, growth and exports. The survey participants are first classified according to their gender, and then their economic perceptions are analyzed. Initially, Kolmogorov–Smirnov statistics are implemented to test normality of data. Then, the Chi-square test of independence is used to compare macroeconomic expectations of men and women. The empirical findings show that macroeconomic expectations of males and females are not statistically different for inflation, unemployment, and exports. On the other hand, macroeconomic expectations of males and females are statistically different only for economic growth at a 10% level. The results indicate that gender is not one of the main determinants for macroeconomic expectations. Copyright Springer Science+Business Media B.V. 2013

Suggested Citation

  • Atilla Cifter & Dilek Teker, 2013. "Gender differences in macroeconomic expectations: evidence from Turkey," Quality & Quantity: International Journal of Methodology, Springer, vol. 47(3), pages 1793-1801, April.
    • Handle: RePEc:spr:qualqt:v:47:y:2013:i:3:p:1793-1801
    DOI: 10.1007/s11135-011-9626-7
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    References listed on IDEAS

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    1. Gary Charness & Uri Gneezy, 2010. "Portfolio Choice And Risk Attitudes: An Experiment," Economic Inquiry, Western Economic Association International, vol. 48(1), pages 133-146, January.
    2. Christopher D. Carroll, 2001. "The Epidemiology of Macroeconomic Expectations," NBER Working Papers 8695, National Bureau of Economic Research, Inc.
    3. Stanley M. Atkinson & Samantha Boyce Baird & Melissa B. Frye, 2003. "Do Female Mutual Fund Managers Manage Differently?," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 26(1), pages 1-18, March.
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