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Effects of Aging on Gender Differences in Financial Markets

Author

Listed:
  • Ran Shao

    (Yeshiva University)

  • Na Wang

    (Hofstra University)

Abstract

Gender differences in risk-taking and investment decisions have been widely documented in the financial markets. Utilizing trading information from individual investor brokerage accounts, this paper explores the effects of aging on gender differences in terms of portfolio turnover and returns. We document that male investors trade more frequently than female investors and yield lower portfolio returns, but these gender differences attenuate substantially with age. Our study suggests that gender differences documented by experiments or surveys with young participants might not be generalized across age groups.

Suggested Citation

  • Ran Shao & Na Wang, 2015. "Effects of Aging on Gender Differences in Financial Markets," Economics Bulletin, AccessEcon, vol. 35(1), pages 834-840.
    • Handle: RePEc:ebl:ecbull:eb-15-00172
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    gender difference; aging; portfolio turnover; and portfolio returns.;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G0 - Financial Economics - - General

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