Gender differences in risky asset behavior: The importance of self-confidence and financial literacy
Abstract
Women are less likely than men to hold risky financial assets, a fact that has often been attributed to differences in risk aversion and, more recently, to differences in financial literacy and investor confidence. This paper studies the role of individuals’ confidence in their own financial literacy in explaining the gender gap in investment in risky assets, while controlling for actual financial literacy and a measure of risk aversion. It is...
Paper Details
Title
Gender differences in risky asset behavior: The importance of self-confidence and financial literacy
Published Date
Oct 1, 2021
Journal
Volume
42
Pages
101880 - 101880
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