Gender and Financial Activities for Middle-Aged and Older Adults

Yueh-Ping Li, Wen-Chi Sun () and Mai Dao ()
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Yueh-Ping Li: Department of Nursing, National Tainan Junior College of Nursing, Tainan 700007, Taiwan, ROC
Wen-Chi Sun: Department of Accounting, National Dong Hwa University, Hualien 974301, Taiwan, ROC
Mai Dao: College of Business and Innovation, The University of Toledo, Toledo, OH 43606, USA

Review of Pacific Basin Financial Markets and Policies (RPBFMP), 2023, vol. 26, issue 03, 1-15

Abstract: This study examines the association between gender and financial activities among middle- and old-aged adults in Taiwan. We conduct a survey of 221 respondents who attended a seminar on financial activities of older adults held by the Trust Association of Taiwan and participated in subsequent surveys on the community during 2017 and 2018. We found that females are more likely to participate in a greater number of financial activities compared with their male counterparts. In particular, we found evidence to support the positive association between female adults and riskier financial activities, such as stocks and mutual funds. Our findings support the information process hypothesis in which gender is an important factor for determining an individual’s participation in financial activities.

Keywords: Gender; age; information process; risk aversion; financial activities (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1142/S0219091523500194

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