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Investments: Women Are More Cautious than Men because They Have Less Financial Resources at Their Disposal

Author

Listed:
  • Oleg Badunenko
  • Nataliya Barasinska
  • Dorothea Schäfer

Abstract

Experts on investments and financial products assume that women are less amenable to risks and therefore put their money into secure investment products. A current study conducted by the DIW Berlin (German Institute for Economic Research) challenges this view. The study demonstrates that men and women are equally likely to take a chance on risky investments - assuming that they have the same financial resources at their disposal. A general cliché may not longer be true: that sex is a determinant factor in investment decisions and that the difference in attitudes toward investment between men and women is a result of gender-based investment attitudes. Women are likely to have cautious investment habits because - as a rule - they have only half the investment resources available that men have at their disposal.

Suggested Citation

  • Oleg Badunenko & Nataliya Barasinska & Dorothea Schäfer, 2010. "Investments: Women Are More Cautious than Men because They Have Less Financial Resources at Their Disposal," Weekly Report, DIW Berlin, German Institute for Economic Research, vol. 6(1), pages 1-4.
  • Handle: RePEc:diw:diwwrp:wr6-1
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    File URL: http://www.diw.de/documents/publikationen/73/diw_01.c.345354.de/diw_wr_2010-01.pdf
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    Cited by:

    1. Nidhi Tandon, 2013. "Opportunities for Advancing Women?s Sustainable and Green Livelihoods Food Security, Small-scale Women Farmers and Climate Change in Caribbean SIDS," Working Papers 114, International Policy Centre for Inclusive Growth.

    More about this item

    Keywords

    Gender; Risk aversion; Financial behavior;

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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