Does knowledge of finance mitigate the gender difference in financial risk-aversion?

被引：49

作者：

Hibbert, Ann Marie ^{[1
]}

Lawrence, Edward R. ^{[2
]}

Prakash, Arun J. ^{[2
]}

机构：

[1] West Virginia Univ, Coll Business & Econ, Room 215,POB 6025, Morgantown, WV 26506 USA

[2] Florida Int Univ, Miami, FL USA

来源：

GLOBAL FINANCE JOURNAL | 2013年 / 24卷 / 02期

关键词：

Risk aversion; Gender bias; Behavioral finance; Financial education;

D O I：

10.1016/j.gfj.2013.07.002

中图分类号：

F8 [财政、金融];

学科分类号：

0202 [应用经济学];

摘要：

We investigate the gender difference in financial risk aversion using a survey of finance professors from universities across the United States. We compare their actual portfolio allocations to that of respondents in the Federal Reserve's Survey of Consumer Finances (SCF). We find that among highly educated individuals, women are significantly more risk averse than men. However, we find that when men and women have both attained a high level of financial education, they are equally likely to invest a significant portion of their portfolio in risky assets, suggesting that financial education mitigates the gender difference in financial risk aversion. (C) 2013 Elsevier Inc. All rights reserved.

引用

页码：140 / 152

页数：13

共 33 条

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