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Optimal Allocations to Owned Housing & Gender Equality in Financial Planning (EP.209)

The Rational Reminder Podcast

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Are Women More Confident in Stock Market Participation Than Men?

Women tend to take less risk than men in terms of their equity exposure. This pattern is best explained by gender identity norms, which constrain women's influence over intra household financial decision making. Families with a financially sophisticated husband are more likely to participate in the stock market than those with a wife of equal financial sophistication. A life cycle model simulation estimates that 30 to forty % of us retirement wealth inequality can be accounted for by differences in financial knowledge.

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