Gender, Stock Market Participation and Financial Literacy

Johan Almenberg and Anna Dreber

No 737, SSE/EFI Working Paper Series in Economics and Finance from Stockholm School of Economics

Abstract: omen typically participate less than men in the stock market, while also scoring lower on financial literacy. We explore the link between the gender gap in stock market participation and financial literacy. Using survey data on a random sample of 1,300 individuals that is representative of the Swedish population, we show that controlling for basic financial literacy, essentially a measure of numeracy that does not require knowledge about the stock market, may explain a large part of the gender gap in stock market participation. We also find that women report being less risk taking than men. This gender gap in risk attitudes remains significant also when controlling for financial literacy.

Keywords: stock market participation; gender; financial literacy; numeracy; risk attitudes (search for similar items in EconPapers)
JEL-codes: D14 G11 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2011-08-10, Revised 2012-06-18
References: Add references at CitEc
Citations: View citations in EconPapers (38)

Published as Almenberg, Johan and Anna Dreber, 'Gender, Stock Market Participation and Financial Literacy' in Economics Letters, 2015, pages 140-142.

Downloads: (external link)
http://swopec.hhs.se/hastef/papers/hastef0737.pdf (application/pdf)

Related works:
Journal Article: Gender, stock market participation and financial literacy (2015)
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:hhs:hastef:0737

Access Statistics for this paper

More papers in SSE/EFI Working Paper Series in Economics and Finance from Stockholm School of Economics The Economic Research Institute, Stockholm School of Economics, P.O. Box 6501, 113 83 Stockholm, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by Helena Lundin ().