Who Wears the Pants? Gender Identity Norms and Intra-Household Financial Decision Making

Ke, Da

doi:10.1257/rct.5631

Cited by 9 publications

(5 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Using data on the disaggregated wealth of the entire Swedish population, Thörnqvist and Vardardottir (2014) show that the decision-making power of female spouses negatively relates to the share of wealth allocated by couples to risky investments. Also related to our analysis, Ke (2017) documents that participation in the stock market is more probable when the husband is 'financially sophisticated' than the case when the wife is. He hypothesises that gender identity norms constrain women's influence on the couple's financial decision-making process.…”

Section: Introductionmentioning

confidence: 62%

Experience wears the trousers: Exploring gender and attitude to financial risk

Brooks

Sangiorgi

Hillenbrand

et al. 2019

Journal of Economic Behavior & Organization

View full text Add to dashboard Cite

Are men more tolerant of investment risk than women, and if so, why? In this paper we examine gender differences in attitudes to financial risk using a very large database of questionnaires completed in the context of real investment decisions. We find that men are more financially risk tolerant than women, but this difference cannot be explained by differences in age, employment patterns or by the effect of being inversus out-of-work. We do, however, find that previous investment experience plays a significant explanatory role. We also observe that, following discussion with a financial advisor, the riskiness of the investment products selected by women are modified to a greater extent from their revealed risk preferences than those of men. We also find that where the risk tolerances of wives and husbands differ when they visit an advisor together, the preferences of the man have a stronger effect on the finally selected joint product when the wife is more risk tolerant than her husband, where she has a lower status job, or where she has less financial experience. Our research provides new evidence on the reasons why women take less financial risk than men and on the outcomes that result when men and women interact in a decisionmaking process.

show abstract

Section: Introductionmentioning

confidence: 62%

Experience wears the trousers: Exploring gender and attitude to financial risk

Brooks

Sangiorgi

Hillenbrand

et al. 2019

Journal of Economic Behavior & Organization

View full text Add to dashboard Cite

show abstract

“…As such, there is a significant portion of the U.S. population who has never formally received financial education or training. This gap in knowledge may contribute to the significant prevalence of financial abuse in intimate relationships and disproportionately impact women, as traditional gender norms may exclude women from household financial decision making (Ke, 2020). In addition, financial abuse tactics are discussed far less often than other forms of IPV.…”

Section: Discussionmentioning

confidence: 99%

“…Financial attitudes are particularly important to consider in relation to financial management and planning because such attitudes are often guided by traditional gender norms (Postmus, Hetling, & Hoge, 2013); one such norm is that in opposite‐sex relationships men should in control household financial resources (Jarecke, Edward, & Hira, 2009). These norms may constrain the role women are able to play in financial decision making, which can lead to financial insecurity (Ke, 2020).…”

Section: Introductionmentioning

confidence: 99%

Increasing Financial Empowerment among Survivors of Intimate Partner Violence: A Growth Curve Analysis

Johnson

2020

American J of Comm Psychol

View full text Add to dashboard Cite

Financial empowerment interventions are often used with survivors of intimate partner violence (IPV) to improve their financial well‐being. However, few evaluations actually measure financial empowerment as an outcome. Thus, the purpose of this study was to develop and test a conceptual model for financial empowerment and then use the model to evaluate the effectiveness of a financial literacy intervention at increasing financial empowerment for survivors. The conceptual model was guided by Christens’ nomological network for psychological empowerment and included four components: emotional, cognitive, relational, and behavioral. The analyses used data from a randomized controlled trial evaluating Moving Ahead, a financial literacy program developed for IPV survivors (n = 449). To determine whether this intervention was effective at increasing financial empowerment for survivors over time, confirmatory factor analyses were run to test for longitudinal measurement invariance, followed by a curve‐of‐factors growth model (CFM) with assignment as a time‐invariant predictor of change. Strict partial longitudinal measurement invariance was achieved and CFM results found assignment to be significantly associated with both initial status (.054, p = .042) and change over time (.114, p = .000). Results suggest that this conceptual model for financial empowerment fit the data well and the intervention was effective.

show abstract

“…Fintech gender gap: Women in general have lower rates of bank account ownership than men (Demirguc-Kunt et al, 2017), are less likely to manage household f inances (Guiso and Zaccaria, 2021) or to participate in the stock market (Ke, 2020). Sahay et al (2020) found that while Fintech has contributed to closing gender gaps in financial inclusion in most countries, there is a concern that this gender gap might widen in the post-COVID era.…”

Section: International Monetary Fundmentioning

confidence: 99%

Fintech: Financial Inclusion or Exclusion?

Heng¹,

Tok²

2022

IMF Working Papers

View full text Add to dashboard Cite

for making the time to take par t in our interviews. We are also indebted to Ravi Shankar Chaturvedi and his Digital Planet research team at The Fletcher School, Tufts University, for providing the Digital Intelligence Index dataset, the Edelman Trust for providing the Edelman Trust Index, and MCM for providing the digital financial inclusion measures. We also thank Mr. Thitipat Chansriniyom for his excellent research support.

show abstract

Who Wears the Pants? Gender Identity Norms and Intra-Household Financial Decision Making

Cited by 9 publications

References 0 publications

Experience wears the trousers: Exploring gender and attitude to financial risk

Experience wears the trousers: Exploring gender and attitude to financial risk

Increasing Financial Empowerment among Survivors of Intimate Partner Violence: A Growth Curve Analysis

Fintech: Financial Inclusion or Exclusion?

Contact Info

Product

Resources

About