Patti J. Fisher|Rui Yao
Gender differences in financial risk tolerance
Virginia Tech|University of Missouri
purpose research explore gender differences financial risk tolerance using large nationally representative dataset survey consumer finances impact explanatory variables model allowed differ men women decompose gender differences financial risk tolerance results indicate gender differences financial risk tolerance explained gender differences individual determinants financial risk tolerance disparity result gender individual variables moderate relationship gender high risk tolerance income uncertainty net worth income uncertainty moderating relationship gender risk tolerance financial fiduciaries understand differences income uncertainty net worth men women differences relate risk tolerance