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

Oded Stark, Ewa Zawojska

Research output: Contribution to journalArticlepeer-review

Abstract

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.

Original languageEnglish
Pages (from-to)83-87
Number of pages5
JournalEconomics Letters
Volume137
DOIs
StatePublished - 1 Dec 2015
Externally publishedYes

Keywords

  • Gender-based difference in risk aversion
  • Marriage market outcome
  • Relative wealth deprivation
  • Risk-taking behavior
  • Social status

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