TY - JOUR
T1 - Gender differentiation in risk-taking behavior
T2 - On the relative risk aversion of single men and single women
AU - Stark, Oded
AU - Zawojska, Ewa
N1 - Publisher Copyright:
© 2015 Elsevier B.V.
PY - 2015/12/1
Y1 - 2015/12/1
N2 - 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.
AB - 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.
KW - Gender-based difference in risk aversion
KW - Marriage market outcome
KW - Relative wealth deprivation
KW - Risk-taking behavior
KW - Social status
UR - http://www.scopus.com/inward/record.url?scp=84946411227&partnerID=8YFLogxK
U2 - 10.1016/j.econlet.2015.09.023
DO - 10.1016/j.econlet.2015.09.023
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AN - SCOPUS:84946411227
VL - 137
SP - 83
EP - 87
JO - Economics Letters
JF - Economics Letters
SN - 0165-1765
ER -