How does gender really affect investment behavior?

Nicoletta Marinelli, Camilla Mazzoli and Fabrizio Palmucci

Economics Letters, 2017, vol. 151, issue C, 58-61

Abstract: In this paper we study gender differences in investment behavior. By making use of a dedicated proprietary dataset including 2374 clients of an Italian bank we show that, after controlling for socio-demographic and economic variables, gender still explains many differences in the investment decision process, risk preferences and portfolio characteristics, thus suggesting a role of gender in the investment behavior. However, no difference is revealed in the portfolio liquidity and diversification, meaning that gender does not affect the quality of portfolios.

Keywords: Gender; Investment behavior; Risk preferences; Portfolio’s risk and diversification; Financial literacy (search for similar items in EconPapers)
JEL-codes: D14 G11 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:151:y:2017:i:c:p:58-61

DOI: 10.1016/j.econlet.2016.12.006

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