CoChat
Sign Up
Cited by 117Financial Literacy, Pension, Retirement AnalysisDecision-Making and Behavioral EconomicsFinancial Markets and Investment Strategies

The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.

ESTIMATION AND IMPACT OF GENDER DIFFERENCES IN RISK TOLERANCE

NEELAKANTAN, URVI·2010·Economic Inquiry
DOI 10.1111/j.1465-7295.2009.00251.x
Open this paper in CoChat — free account

Abstract

This paper provides numerical estimates of the distributions of risk tolerance for men and women. A simple model of individual portfolio choice is calibrated to data on Individual Retirement Accounts from the Health and Retirement Study to obtain the estimates. Results show that women tend to be less risk‐tolerant than men. The estimates are then used to measure the impact of risk tolerance on wealth accumulation. Simulations show that the difference in risk tolerance can account for around 10% of the gender difference in accumulated wealth. ( JEL J16, G11, D81)

Overview

Integrity signals

Registry

Crossref · 10.1111/j.1465-7295.2009.00251.x

Cites

2 of 2 references verified0 citation errors · 0 not checkable

Statistics

Recomputing p-values needs the paper’s full text.

Verification

Claims the paper makes

This paper’s full text isn’t openly available, so its claims and self-check weren’t run. The registry and citation checks still apply.

Citations

Cites

Research works printed but not linked: 18

  1. 10.1080/00213624.2001.11506368 · DOI
  2. 10.1016/S0165-1765(02)00045-9 · DOI
  3. 10.1023/A:1022994314982 · DOI · Paper page
  4. Grable J. E., 1998, “Investor Risk Tolerance: Testing the Efficacy of Demographics as Differentiating and Classifying Factors.”, Financial Counseling and Planning, 9, 61
  5. Hinz R. P., 1997, Positioning Pensions for the Twenty‐first Century, 91
  6. Jagannathan R., 1996, “Why Should Older People Invest Less in Stocks than Younger People?”, Federal Reserve Bank of Minneapolis Quarterly Review, 20, 11
  7. 10.1111/j.1465-7295.1998.tb01740.x · DOI
  8. 10.1111/j.1467-8551.1994.tb00073.x · DOI
  9. 10.1198/016214508000000139 · DOI
  10. Lyons A., 2008, “Gender and Marital Differences in Wealth and Investment Decisions.”, Journal of Personal Finance, 6, 57
  11. 10.2307/1926560 · DOI
  12. Papke L., 1988, “How are Participants Investing Their Accounts in Participant‐Directed Individual Account Pension Plans?”, American Economic Review, 88, 212
  13. 10.2307/1926559 · DOI
  14. 10.1257/aer.89.2.381 · DOI
  15. Spivey C., “Desperation or Desire? The Role of Risk Aversion in Marriage.”, Economic Inquiry
  16. Sundén A. E., 1998, “Gender Differences in the Allocation Of Assets in Retirement Savings Plans”, American Economic Review, 88, 207
  17. Sung J., 1996, “Factors Related to Risk Tolerance.”, Financial Counseling and Planning, 7, 11
  18. Wang P., 1994, “Brokers Still Treat Men Better Than Women.”, Money, 23, 108

Cited by

Sorted by citations

See all 117

Metadata

Authors
NEELAKANTAN, U.
Affiliations
University of Illinois Urbana-Champaign (US)
Corresponding author
NEELAKANTAN, URVI
Venue
Economic Inquiry
Publisher
Wiley
Published
2010-01
Volume
48
Issue
1
Pages
228-233
ISSN
  • 0043-3640 (ISSN-L)
  • 0095-2583
  • 1465-7295
DOI
10.1111/j.1465-7295.2009.00251.x
OpenAlex
W1983901645
Cited by
117
References
2
Citations by year
2026: 1 · 2025: 8 · 2024: 7 · 2023: 9 · 2022: 14 · 2021: 10 · 2020: 7 · 2019: 6 · 2018: 6 · 2017: 6 · 2016: 9 · 2015: 12 · 2014: 6 · 2013: 6 · 2012: 6
FWCI
17.91
Type
journal article
Language
en
Open access
closed
Licence
onlinelibrary.wiley.com/termsAndConditions#vor (vor)
Locations
Economic Inquiry (publishedVersion)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Finance › Financial Literacy, Pension, Retirement Analysis
  • Social Sciences › Decision Sciences › General Decision Sciences › Decision-Making and Behavioral Economics
  • Social Sciences › Economics, Econometrics and Finance › Finance › Financial Markets and Investment Strategies
Keywords
risk tolerance, gender differences, portfolio optimization, individual retirement accounts, wealth accumulation, retirement savings, Health and Retirement Study

About these checks

Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Statistics and arithmetic are recomputed, not judged.

Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.

What counts as a claim ›How we measure confidence ›How we check this ›

Are you an author, or do you see a problem with this page? Request a review