Gender differentiation in risk-taking behavior: On the relative risk aversion of single men and single women

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Dokumentart: Article
Date: 2015-11-06
Source: University of Tübingen Working Papers in Economics and Finance ; 88
Language: English
Faculty: 6 Wirtschafts- und Sozialwissenschaftliche Fakultät
Department: Wirtschaftswissenschaften
DDC Classifikation: 330 - Economics
Keywords: Economics
Other Keywords:
Risk-taking behavior
Gender-based difference in risk aversion
Relative wealth deprivation
Social status
Marriage market outcome
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We relate an observed difference between single men (SM) and single women (SW) in attitudes towards risk to the higher value assigned to social status by SM than by SW. In the marriage market, low status carries a harsher penalty for SM than for SW because when selecting a partner, the social status of a man is more important to a woman than the social status of a woman is to a man. Correlating social status with relative wealth, we show how intensified distaste at experiencing low relative wealth reduces relative risk aversion.

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