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NO. 351 报告人:李玲

Gender Differences in Stock Market Participation: Evidence From Chinese Households

编辑:张一帆时间:2021-04-26访问次数:0

 

题目:Gender Differences in Stock Market Participation: Evidence From Chinese Households

报告人:李玲   讲师   剑桥大学土地经济系

主持人:叶兵  教授  澳门威尼斯官网经济学院

时间:2021430日(星期五) 下午14:00 -15:30

地点:澳门威尼斯官网紫金港校区西区经济学院426会议室

 

摘要:Using micro household survey data from China, this study finds that women are less likely to participate in the stock market than men. This gender pattern in market participation rates holds when we control for household features, characteristics of both spouses, and their interactions and relative decision-making power. We also show that the gender difference in stock market participation operates through investors’ behavioral factors, particularly their risk preference. Moreover, we confirm the influence of cultural gender norms among older households. The gender difference in stock market participation is reduced where women’s influence over the decision of stock investments is likely constrained by a male-biased social norm. The study‘s findings suggest the crucial role of gender and gender-related cultural norms in shaping household financial decisions in the presence of gender inequality, such as in China. It extends our understanding of the interrelations between financial decisions and social and behavioral dimensions in a developing context.

 

简历:李玲,香港大学博士,剑桥大学讲师,剑桥大学不动产经济研究中心研究员,剑桥大学土地经济系哲学硕士(MPhil)副主任。研究方向土地经济学、城市经济学、应用经济学。

 

 

CRPE秘书处
2021-4-26


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