TY  - RPRT
        AU  - Piccolo, Jessica
AU  - Gorodnichenko, Yuriy
        TI  - Homeownership and Attention to Inflation: Evidence from Information Treatments
        PY  - 2025/Mar/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 17770
        UR  - https://www.iza.org/publications/dp17770
        AB  - This paper examines how homeownership status shapes attention to inflation and its impact on durable consumption. Using randomized controlled trials on U.S. households (2021–2023), we document systematic heterogeneity in responses to inflation-related information. Homeowners exhibit greater baseline awareness and update their expectations less than renters. Exploiting exogenous variation in inflation expectations induced by the treatments, we find that homeowners adjust durable spending significantly, whereas renters do not. These results highlight homeownership as a key factor in the formation of inflation expectations and their influence on economic behavior.
        KW  - homeownership
KW  - mortgages
KW  - inflation expectations
KW  - durable consumption
        ER  -