Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/333902 
Erscheinungsjahr: 
2025
Schriftenreihe/Nr.: 
ZEW Discussion Papers No. 25-063
Verlag: 
ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung, Mannheim
Zusammenfassung: 
Women are significantly less likely to participate in the stock market than men. We show that financial socialization plays an important role in explaining this gap. Survey data from Germany and the U.S. indicate that parents discuss financial matters less frequently with their daughters than with their sons. Women also report fewer financial role models and less exposure to peers who invest in the stock market. We find that this early-life difference in financial socialization leads to lower financial literacy and lower financial confidence of women later in life, and also explains why they are less likely to participate in the stock market than men.
Schlagwörter: 
Gender investment gap
Financial socialization
Financial literacy
Stock market participation
JEL: 
G11
G41
G53
Dokumentart: 
Working Paper

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