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Gender differences in financial risk tolerance

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dc.contributor.authorFisher, Patricia J.en
dc.contributor.authorYao, Ruien
dc.date.accessioned2019-03-25T16:29:14Zen
dc.date.available2019-03-25T16:29:14Zen
dc.date.issued2017-08-01en
dc.date.updated2019-03-25T16:29:11Zen
dc.description.abstractThe purpose of this research is to explore gender differences in financial risk tolerance using a large, nationally representative dataset, the Survey of Consumer Finances. The impact of the explanatory variables in the model is allowed to differ between men and women to decompose gender differences in financial risk tolerance. The results indicate that gender differences in financial risk tolerance are explained by gender differences in the individual determinants of financial risk tolerance, and that the disparity does not result from gender in and of itself. The individual variables that moderate the relationship between gender and high risk tolerance are income uncertainty and net worth, with income uncertainty moderating the relationship between gender and some risk tolerance. Financial fiduciaries should understand the differences in income uncertainty and net worth between men and women and how those differences relate to risk tolerance.en
dc.description.notespublisher: Elsevier articletitle: Gender differences in financial risk tolerance journaltitle: Journal of Economic Psychology articlelink: http://dx.doi.org/10.1016/j.joep.2017.03.006 content_type: article copyright: © 2017 Elsevier B.V. All rights reserved.en
dc.description.versionPublished versionen
dc.format.extentPages 191-202en
dc.format.extent12 page(s)en
dc.identifierC (Article number)en
dc.identifier.doihttps://doi.org/10.1016/j.joep.2017.03.006en
dc.identifier.eissn1872-7719en
dc.identifier.issn0167-4870en
dc.identifier.orcidFisher, Patricia [0000-0003-0325-4068]en
dc.identifier.urihttp://hdl.handle.net/10919/88523en
dc.identifier.volume61en
dc.languageEnglishen
dc.publisherElsevieren
dc.relation.urihttp://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000407528400015&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=930d57c9ac61a043676db62af60056c1en
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectSocial Sciencesen
dc.subjectEconomicsen
dc.subjectPsychology, Multidisciplinaryen
dc.subjectBusiness & Economicsen
dc.subjectPsychologyen
dc.subjectRisk toleranceen
dc.subjectGender differencesen
dc.subjectHousehold behavioren
dc.subjectPersonal financeen
dc.subjectPORTFOLIO CHOICEen
dc.subjectDECISION-MAKINGen
dc.subjectPERCEIVED RISKen
dc.subjectHEALTH-STATUSen
dc.subjectRETIREMENTen
dc.subjectAVERSIONen
dc.subjectINVESTMENTen
dc.subjectATTITUDESen
dc.subjectHETEROGENEITYen
dc.subjectALLOCATIONen
dc.subjectMD Multidisciplinaryen
dc.subjectEconomicsen
dc.titleGender differences in financial risk toleranceen
dc.title.serialJournal of Economic Psychologyen
dc.typeArticle - Refereeden
pubs.organisational-group/Virginia Tech/All T&R Facultyen
pubs.organisational-group/Virginia Techen
pubs.organisational-group/Virginia Tech/Liberal Arts and Human Sciencesen
pubs.organisational-group/Virginia Tech/Liberal Arts and Human Sciences/Apparel, Housing, and Resource Managementen
pubs.organisational-group/Virginia Tech/Liberal Arts and Human Sciences/CLAHS T&R Facultyen

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