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

Oleg Badunenko, Nataliya Barasinska and Dorothea Schäfer

Weekly Report, 2010, vol. 6, issue 1, 1-4

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.

Keywords: Gender; Risk aversion; Financial behavior (search for similar items in EconPapers)
JEL-codes: G11 J16 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:diw:diwwrp:wr6-1

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