Gender in Banking and Mortgage Behavior

Stepan Jurajda and Radek Janhuba ()

CERGE-EI Working Papers from The Center for Economic Research and Graduate Education - Economics Institute, Prague

Abstract: Compared to men, women, even financial professionals, exhibit higher risk aversion. We exploit random assignment of clients to banking advisors ('private bankers') in a large Czech bank to study the effects of advisor gender on the probability of mortgage issuance and on the probability that a newly issued mortgage is insured, which we interpret as corresponding to risk averse mortgage behavior. Male advisors do not substantially affect the chances that their clients will take a new mortgage, but the mortgages that they issue are dramatically less likely to be insured, particularly so for female clients who never had an insured loan with the bank.

Keywords: banking advisors; mortgage insurance (search for similar items in EconPapers)
JEL-codes: G21 G32 J16 (search for similar items in EconPapers)
Date: 2016-05
New Economics Papers: this item is included in nep-gen and nep-ure
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Related works:
Journal Article: Gender in banking and mortgage behavior (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:cer:papers:wp564

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