Gender Differences in Personal Income and Financial Risk Tolerance: How Much of a Connection?
Prior research indicates that relative to men, women generally have lower incomes and typically are more risk averse. In a sample of the clientele of financial planners, men had higher personal incomes and exhibited greater financial risk tolerance, which is consistent with previous studies. The aut...
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Published in | The Career development quarterly Vol. 58; no. 3; pp. 270 - 275 |
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Main Authors | , |
Format | Journal Article |
Language | English |
Published |
Oxford, UK
Blackwell Publishing Ltd
01.03.2010
National Career Development Association |
Subjects | |
Online Access | Get full text |
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Summary: | Prior research indicates that relative to men, women generally have lower incomes and typically are more risk averse. In a sample of the clientele of financial planners, men had higher personal incomes and exhibited greater financial risk tolerance, which is consistent with previous studies. The authors' objective was to determine how much of the gender difference in income could be explained by risk tolerance. Results indicate that risk tolerance can explain some of the variation in earnings between women and men but that it is not a primary reason for the wage gap. |
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Bibliography: | istex:662B49B0BA6DAF1388913146098F8D7A7FD9AC51 ark:/67375/WNG-5L0WRDVG-V ArticleID:CDQ192 |
ISSN: | 0889-4019 2161-0045 |
DOI: | 10.1002/j.2161-0045.2010.tb00192.x |