COVID-19 and US females’ portfolio decisions

Nicholas Apergis ()

International Review of Economics & Finance, 2024, vol. 95, issue C

Abstract: This paper uses a panel survey (micro-level) dataset to explore the impact of the COVID-19 pandemic crisis on females’ portfolio decisions. Using 150,000 US annual female portfolio choice observations from the Census Bureau database over the period 2001–2021, as well as Difference-in-Difference (DiD) methodologies, the analysis documents that female investors significantly reduce their market investments in risky assets during the pandemic period. The findings survive certain robustness checks, while they clearly illustrate the rising effect of the pandemic uncertainty on such portfolio decisions. The results carry substantial implications by suggesting that the pandemic acts as a negative externality in the risky asset type of portfolio choices and has high significance for portfolio managers, as well as for regulators and policymakers.

Keywords: Pandemic crisis; Females portfolio choice; US investors; Difference-in-difference method (search for similar items in EconPapers)
JEL-codes: C33 D14 G11 G18 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1059056024004830
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:95:y:2024:i:c:s1059056024004830

DOI: 10.1016/j.iref.2024.103491

Access Statistics for this article

International Review of Economics & Finance is currently edited by H. Beladi and C. Chen

More articles in International Review of Economics & Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().