Gender differences in optimism and asset allocation

被引：91

作者：

Jacobsen, Ben ^{[1
]}

Lee, John B. ^{[2
]}

Marquering, Wessel ^{[3
]}

Zhang, Cherry Y. ^{[4
]}

机构：

[1] Univ Edinburgh, Edinburgh, Midlothian, Scotland

[2] Univ Auckland, Auckland 1, New Zealand

[3] RSM Erasmus Univ, Rotterdam, Netherlands

[4] Univ Nottingham, Sch Business, Ningbo, Zhejiang, Peoples R China

来源：

JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION | 2014年 / 107卷

关键词：

Optimism; Gender difference; Asset allocation; Consumer confidence; Economic indicators; Risk aversion; RISK-AVERSION; PORTFOLIO CHOICE; WOMEN; WEALTH; HEALTH;

D O I：

10.1016/j.jebo.2014.03.007

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We investigate two alternative explanations why men may hold more stocks than women do. Apart from the traditional explanation of a gender difference in risk aversion, gender differences in either optimism or in perceived risk of financial markets might cause men to hold riskier assets. Our results show that men tend to be significantly more optimistic than women regarding a broad range of issues, including the economy and financial markets. After we take differences in optimism into account, systematic gender differences in asset allocations disappear. (C) 2014 Elsevier B.V. All rights reserved.

引用

页码：630 / 651

页数：22

共 44 条

[1] Portfolio choice and trading in a large 401(k) plan [J].