A Reconsideration of Gender Differences in Risk Attitudes

33 Pages Posted: 24 May 2014

See all articles by Antonio Filippin

Antonio Filippin

Università degli Studi di Milano; IZA Institute of Labor Economics

Paolo Crosetto

Grenoble Applied Economics Laboratory

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Abstract

This paper reconsiders the wide agreement that females are more risk averse than males providing a leap forward in its understanding. Thoroughly surveying the experimental literature we first find that gender differences are less ubiquitous than usually depicted. Gathering the microdata of an even larger sample of Holt and Laury replications we boost the statistical power of the test and show that the magnitude of gender differences, although significant, is economically unimportant. We conclude that gender differences systematically correlate with the features of the elicitation method used and in particular the availability of a safe option and fixed probabilities.

Keywords: gender, risk, survey

JEL Classification: C81, C91, D81

Suggested Citation

Filippin, Antonio and Crosetto, Paolo, A Reconsideration of Gender Differences in Risk Attitudes. IZA Discussion Paper No. 8184, Available at SSRN: https://ssrn.com/abstract=2441480

Antonio Filippin (Contact Author)

Università degli Studi di Milano ( email )

Milan, 20122
Italy

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Paolo Crosetto

Grenoble Applied Economics Laboratory ( email )

BP 47
38040 Grenoble
France

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