EconPapers    
Economics at your fingertips  
 

Does Society Influence the Gender Gap in Risk Attitudes? Evidence from East and West Germany

Cornelia Chadi and Uwe Jirjahn

No 12100, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Previous international research has shown that women are more risk averse than men. This gives rise to the question whether the gender gap in risk attitudes is shaped by the social environment. We address this question by examining risk attitudes among East and West Germans. Originated from different family policies during Germany's separation, East Germans have more equal gender roles than West Germans. Thus, if the gender gap reflects socially constructed norms, it should be smaller among East Germans. Using data of the German Socio-Economic Panel (SOEP), our empirical analysis confirms this prediction. Specifically with respect to career and financial matters, the gender gap in risk tolerance is smaller among East Germans. We find no evidence that the East German gender gap has converged to the higher West German level after reunification. By contrast, the West German gap has narrowed over time.

Keywords: risk preferences; gender roles; nurture; family policy (search for similar items in EconPapers)
JEL-codes: D91 J16 P51 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2019-01
New Economics Papers: this item is included in nep-eur, nep-hme and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://docs.iza.org/dp12100.pdf (application/pdf)

Related works:
Working Paper: Does Society Influence the Gender Gap in Risk Attitudes? Evidence from East and West Germany (2019) Downloads
Working Paper: Does Society Influence the Gender Gap in Risk Attitudes? Evidence from East and West Germany (2019) Downloads
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:iza:izadps:dp12100

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().

 
Page updated 2024-04-15
Handle: RePEc:iza:izadps:dp12100