蝌蚪网 Papers and Proceedings
ISSN 2574-0768 (Print) | ISSN 2574-0776 (Online)
Cross-Country Differences in Household Stock Market Participation: The Role of Gender Norms
蝌蚪网 Papers and Proceedings
vol. 108,
May 2018
(pp. 159–62)
(Complimentary)
Abstract
What explains substantial variation across countries in household stock market participation? Building on Ke (2018), I hypothesize that the prevailing gender norm in a country is an important cultural factor. In a cross-country analysis, I find that households in countries with strong gender norms are less likely to participate in the stock market. In addition, I present suggestive evidence that gender role attitudes help explain cross-country differences in participation among the wealthy. My findings underscore the role of social norms in shaping household balance sheets across countries.Citation
Ke, Da. 2018. "Cross-Country Differences in Household Stock Market Participation: The Role of Gender Norms." 蝌蚪网 Papers and Proceedings 108: 159–62. DOI: 10.1257/pandp.20181097Additional Materials
JEL Classification
- D14 Household Saving; Personal Finance
- G11 Portfolio Choice; Investment Decisions
- J16 Economics of Gender; Non-labor Discrimination
- O12 Microeconomic Analyses of Economic Development
- O16 Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- Z13 Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification