Factors Related to Risk Tolerance

Financial Counseling and Planning, Vol. 7, 1996

9 Pages Posted: 16 Apr 1997 Last revised: 19 Jan 2019

See all articles by Jaimie Sung

Jaimie Sung

Ewha Womans University

Sherman D. Hanna

Ohio State University (OSU)


Effects of financial and demographic variables on risk tolerance were estimated for households with an employed respondent in the 1992 Survey of Consumer Finances. Logistic regression analysis showed that female headed households were less likely to be risk tolerant than otherwise similar households with a male head or a married couple. Differences in risk tolerance by gender/marital status, ethnic group and education could be due to differences in understanding of the nature of risk.

JEL Classification: D81

Suggested Citation

Sung, Jaimie and Hanna, Sherman D., Factors Related to Risk Tolerance. Financial Counseling and Planning, Vol. 7, 1996, Available at SSRN: https://ssrn.com/abstract=8284

Jaimie Sung (Contact Author)

Ewha Womans University ( email )

Seoul Seoul 120
Korea, Republic of (South Korea)

Sherman D. Hanna

Ohio State University (OSU) ( email )

1787 Neil Avenue
Campbell 265D
Columbus, OH 43210
United States
614-292-4584 (Phone)

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