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Is the willingness to take financial risk a sex-linked trait? : evidence from national surveys of household finance
Barasinska, Nataliya; Schäfer, Dorothea - 2013
country’s gender equality regime. Our empirical analysis involves household data on financial asset holdings as well as on … with the greatest degree of gender inequality according to the 2009 Global Gender Gap Report. Two stages of building a …, gender is found to have no effect in Austria, the Netherlands and Spain but does have an impact in Italy. However, even for …
Persistent link: https://www.econbiz.de/10009720879
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Is the willingness to take financial risk a sex-linked trait? : evidence from national surveys of household finance
Barasinska, Nataliya; Schäfer, Dorothea - 2013
country's gender equality regime. Our empirical analysis involves household data on financial asset holdings as well as on … with the greatest degree of gender inequality according to the 2009 Global Gender Gap Report. Two stages of building a …, gender is found to have no effect in Austria, the Netherlands and Spain but does have an impact in Italy. However, even for …
Persistent link: https://www.econbiz.de/10009723924
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Gender role asymmetry and stock market participation : evidence from four European household surveys
Barasinska, Nataliya; Schäfer, Dorothea - 2017
stock market, aiming to disentangle the different channels playing a role in this decision. Gender role asymmetry is … indicated by the country's rank in the gender equality index of the World Economic Forum. Using data from four national … household surveys, we find that in Italy - the country with highly asymmetric gender role prescriptions - women's risk …
Persistent link: https://www.econbiz.de/10011810787
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Financial risk aversion and household asset diversification
Barasinska, Nataliya; Schäfer, Dorothea; Stephan, Andreas - 2009
This paper explores the relationship between self-declared risk aversion of private investors and their willingness to hold diversified portfolios of financial assets. The analysis is based on household survey data from the German Socioeconomic Panel (SOEP) that provides a reliable measure of...
Persistent link: https://www.econbiz.de/10011387313
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Financial risk aversion and household asset diversification
Barasinska, Nataliya; Schäfer, Dorothea; Stephan, Andreas - 2008
This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first examine the impact of manifested risk aversion on the total number of distinct assets held in a portfolio (naive diversification). The second part of the paper focuses on a more...
Persistent link: https://www.econbiz.de/10009729666
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Efficient probit estimation with partially missing covariates
Conniffe, Denis; O'Neill, Donal - 2009
A common approach to dealing with missing data is to estimate the model on the common subset of data, by necessity throwing away potentially useful data. We derive a new probit type estimator for models with missing covariate data where the dependent variable is binary. For the benchmark case of...
Persistent link: https://www.econbiz.de/10003829113
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Early health, risk aversion and stock market participation
Böckerman, Petri; Conlin, Andrew; Svento, Rauli - 2019
To examine the relationship between early health status and financial decisions in adulthood, we link information on birth weight in 1966 from the Northern Finland Birth Cohort to data from the Finnish Central Securities Depository over the period of 1995-2010. We find that persons predisposed...
Persistent link: https://www.econbiz.de/10012006166
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The display of information and household investment behavior
Shaton, Maya - 2016
I exploit a natural experiment to show that household investment decisions depend on the manner in which information is displayed. Israeli retirement funds were prohibited from displaying returns for periods shorter than twelve months. In this setting, the information displayed was altered but...
Persistent link: https://www.econbiz.de/10011709245
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Risky assets in Europe and the US : risk vulnerability, risk aversion and economic environment
Bekhtiar, Karim; Fessler, Pirmin; Lindner, Peter - 2019
We use cross-country microdata to analyse the risk taking of households in Europe and the US. Concerning the extensive as well as the intensive margin of risky assets, European households differ substantially from US households; but also inside Europe we document substantial differences....
Persistent link: https://www.econbiz.de/10011997521
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Actual and perceived financial sophistication and wealth accumulation : the role of education and gender
Bannier, Christina E.; Neubert, Milena - 2016
) for individuals' wealth accumulation. Using survey data from the German SAVE initiative, we find strong gender- and …
Persistent link: https://www.econbiz.de/10011417255