Spending or saving? Female empowerment and financial decisions in a matrilineal society

Rink, Ute; Barros, Laura

doi:10.1016/j.worlddev.2020.105342

Cited by 6 publications

(5 citation statements)

References 40 publications

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“…Nevertheless, the significance of the study remains intact as its main objective is to demonstrate that environmental factors, such as culture and responsibility for others, play a role in shaping risk preferences. Furthermore, there have been some recent studies discussing similar characteristics of these tribes (e.g., Filipiak, 2016; Rink & Barros, 2021; Rink et al, 2021 for Khasi and Basu, 2020; Singh et al, 2022 for Santal), which align with the description of the tribes presented here. Considering that the cultural background of the participants has not undergone significant changes, the findings of this study may still hold.…”

Section: Discussionsupporting

confidence: 86%

Risk Preference, Gender, Responsibility: A Cross-Cultural Study from India

Banerjee

2023

Journal of Cross-Cultural Psychology

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The study critically engages the literature on gender differences in risk-taking and investigates how the decision-making environment causes variations in risk preferences. It specifically explores two environmental factors: cultural environments and an environment that increases responsibility. Through an experiment conducted in two small-scale societies, namely, the matrilineal Khasi and the patrilineal Santal, the study reveals evidence of higher risk aversion among women compared with men within each tribe. In addition, Khasi women exhibit greater risk aversion than Santal women, while Santal men demonstrate higher risk proneness than Khasi men. These findings align with the predictions of the economy of the scale model, which explores the impact of offspring provisioning on the gendered division of high- and low-risk labor. To assess the effect of increased responsibility, participants played the same game twice—once individually and once in groups where they were accountable for the payoffs of all group members. The results indicate that increased individual risk aversion further amplifies risk aversion in group settings. Overall, these findings suggest that psychological developments are influenced by a complex interplay between personality traits and the decision-making environment.

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Section: Discussionsupporting

confidence: 86%

Risk Preference, Gender, Responsibility: A Cross-Cultural Study from India

Banerjee

2023

Journal of Cross-Cultural Psychology

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“…While in the UMIC, despite the significance of the interactive of WE and FD to promote output and employment, the coefficient is less than one. Various authors have stressed the benefits of FD and WE on the economy (Bonilla et al, 2017; Groza et al, 2020; Handaragama & Kusakabe, 2021; Kochar et al, 2022; Martinez & Rambaud, 2019; Netnou & Strydom, 2020; Rink & Barros, 2021).…”

Section: Results and Interpretationmentioning

confidence: 99%

“…Furthermore, Rink and Barros (2021) report that households in which women are empowered spend more on welfare-enhancing goods, such as food, but are less likely to have savings left at the end of the month; this, in the long run, tends to affect their financial investment decisions. A study by Luppicini and Saleh (2017) stressed the need for women to be empowered financially.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Previous studies relating to women’s empowerment have focused on the implication of financial decision making, business networks, entrepreneurs, and mentors (Groza et al, 2020; Handaragama & Kusakabe, 2021; Kochar et al, 2022; Mbukanma & Strydom, 2022; Rink & Barros, 2021; Sell & Minot, 2018; Strydom & Fourie, 2018). In addition, other empirical works analyzed social media effects, managing diversity, cooperative societies, and reforms (Bonilla et al, 2017; Inegbedion et al, 2020; Lecoutere, 2017; Luppicini & Saleh, 2017; Reichel, 2020; Topal, 2019).…”

Section: Introductionmentioning

confidence: 99%

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Promoting Women’s Empowerment: Linkages Between Financial Development, Employment and Economic Growth in Selected African Economies

Asaleye,

Strydom

2023

SAGE Open

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Women’s empowerment (WE) is one of the main challenges to economic development in African countries. Scholars have criticized national development initiatives to focus on well-being issues and treat women as the passive beneficiaries of welfare-enhancing assistance. This study uses panel fully modified least square and vector error correction model to investigate the impact of interactive effects of WE and financial development (FD) on employment and economic growth based on the World Bank income group as follows: upper-middle-income countries (UMIC), lower-middle-income countries (LMIC), and low-income countries (LIC). The findings show that the interactive effects of WE and FD on output and employment is not significant in the long run in LMIC and LIC. Despite the significance of these interactive effects in UMIC, the coefficient is less than one. Also, the causality result in the UMIC shows feedback between WE and economic growth. And that FD has a direct influence on growth in LMIC, while WE has a direct influence on employment in LIC.

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“…Andrijevic et al (2020) show that promoting gender institutionally reduces VCC and by extension, women's freedom promotes the resilience of an economy. The rule of law for women promotes female entrepreneurship which is a factor in economic and financial adjustment (Bunche & Pathak, 2015;Rink & Barros, 2021). Indeed, reforms to stimulate economic growth do not always work when women are poorly protected.…”

Section: Civil Liberties Of Women and Vulnerability To Climate Changementioning

confidence: 99%

Women political empowerment and vulnerability to climate change: evidence from 169 countries

Asongu

Messono

Guttemberg³

2022

SSRN Journal

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Spending or saving? Female empowerment and financial decisions in a matrilineal society

Cited by 6 publications

References 40 publications

Risk Preference, Gender, Responsibility: A Cross-Cultural Study from India

Risk Preference, Gender, Responsibility: A Cross-Cultural Study from India

Promoting Women’s Empowerment: Linkages Between Financial Development, Employment and Economic Growth in Selected African Economies

Women political empowerment and vulnerability to climate change: evidence from 169 countries

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