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Gender differentiation in risk-taking behavior: On the relative risk aversion of single men and single women

Oded Stark and Ewa Zawojska

No 212405, Discussion Papers from University of Bonn, Center for Development Research (ZEF)

Abstract: We relate an observed difference between single men (SM) and single women (SW) in attitudes towards risk to the higher value assigned to social status by SM than by SW. In the marriage market, low status carries a harsher penalty for SM than for SW because when selecting a partner, the social status of a man is more important to a woman than the social status of a woman is to a man. Correlating social status with relative wealth, we show how intensified distaste at experiencing low relative wealth reduces relative risk aversion.

Keywords: Financial Economics; Institutional and Behavioral Economics; Risk and Uncertainty (search for similar items in EconPapers)
Date: 2015-11
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Journal Article: Gender differentiation in risk-taking behavior: On the relative risk aversion of single men and single women (2015) Downloads
Working Paper: Gender differentiation in risk-taking behavior: On the relative risk aversion of single men and single women (2015) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ubzefd:212405

DOI: 10.22004/ag.econ.212405

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