{"title":"Gender Differences in Stock Market Participation: Evidence From Chinese Households","authors":"Ling-Hin Li, Shu-Shai Lee, D. Luo","doi":"10.2139/ssrn.3775478","DOIUrl":"https://doi.org/10.2139/ssrn.3775478","url":null,"abstract":"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.","PeriodicalId":208782,"journal":{"name":"WGSRN: Gender & Globalization (Topic)","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-01-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121819267","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Female Representation in the Academic Finance Profession","authors":"Mila Getmansky Sherman, H. Tookes","doi":"10.2139/ssrn.3438653","DOIUrl":"https://doi.org/10.2139/ssrn.3438653","url":null,"abstract":"We present new data on female representation in the academic finance profession. In our sample of finance faculty from the top-100 U.S. business schools during 2009–2017, only 16.0% are women. The gender imbalance manifests itself in several ways. First, after controlling for research productivity, women have less favorable career outcomes. They hold positions at lower-ranked institutions, are less likely to be tenured and full professors, and there is evidence that they are paid less. Second, women publish fewer papers. Third, women have more female coauthors, which suggests smaller publication networks. Time-series data suggest shrinking gender gaps in recent years.","PeriodicalId":208782,"journal":{"name":"WGSRN: Gender & Globalization (Topic)","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129439956","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Gender Diversity in Corporate Boards: Evidence From Quota-Implied Discontinuities","authors":"O. Kuzmina, Valentina Melentyeva","doi":"10.2139/ssrn.3805617","DOIUrl":"https://doi.org/10.2139/ssrn.3805617","url":null,"abstract":"We use data across European corporate boards to investigate the effects of quota-induced female representation, under minimal possible identification assumptions. We find that having more women in board causally increases Tobin's Q, despite some negative effects on operating performance and more likely employment downsizings. We interpret this evidence as firms scaling down inefficient operations. Our results highlight that gender quotas are not necessarily a costly way of promoting equality.","PeriodicalId":208782,"journal":{"name":"WGSRN: Gender & Globalization (Topic)","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126156983","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
J. Alix-Garcia, L. Schechter, Felipe Valencia Caicedo, Siyao Zhu
{"title":"Country of Women? Repercussions of the Triple Alliance War in Paraguay","authors":"J. Alix-Garcia, L. Schechter, Felipe Valencia Caicedo, Siyao Zhu","doi":"10.2139/ssrn.3598489","DOIUrl":"https://doi.org/10.2139/ssrn.3598489","url":null,"abstract":"Skewed sex ratios often result from conflict, disease, and migration, yet their long term impact remains less understood. The War of the Triple Alliance (1864-1870) in South America killed up to 70% of the Paraguayan male population. According to Paraguayan national lore, the skewed sex ratios resulting from the confliict are the cause of present-day low marriage rates, high rates of out-of-wedlock births and a generally male chauvinist culture. We collate historical and modern data to test this conventional wisdom in the short and the long run. We examine both cross-border and within-country variation in child-rearing, education and labor force participation in Paraguay over a 150 year period. We find that more skewed post-war sex ratios are associated with higher out-of-wedlock births, more female-headed households, and better female educational outcomes, even after the first returned to normal. Cross-country comparisons suggest that Paraguayan women are less likely to be employed than those in neighboring districts in Argentina and Brazil, but that within Paraguay, they are more likely to be employed where the sex ratio shock was more severe. The impacts of the war persist into the present, and are seemingly unaffected by variation in economic openness, uncertainty, or traditional norms.","PeriodicalId":208782,"journal":{"name":"WGSRN: Gender & Globalization (Topic)","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128366698","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Female Economic Participation With Information and Communication Technology (ICT) Advancement: Evidence From Sub-Saharan Africa","authors":"U. Efobi, Belmondo V. Tanankem, S. Asongu","doi":"10.2139/ssrn.3133836","DOIUrl":"https://doi.org/10.2139/ssrn.3133836","url":null,"abstract":"This study complements existing literature by investigating how the advancement in information and communication technology affects the formal economic participation of women. The focus is on 48 African countries for the period 1990-2014. The empirical evidence is based on Ordinary Least Squares, Fixed Effects and the Generalized Method of Moments regressions. The results show that improving communication technology increases female economic participation with the following consistent order of increasing magnitude: mobile phone penetration; internet penetration, and fixed broadband subscriptions. The findings are robust to the control for heterogeneities across countries. Policy implications are discussed.","PeriodicalId":208782,"journal":{"name":"WGSRN: Gender & Globalization (Topic)","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114601563","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Causal Effect of Age at Migration on Youth Educational Attainment","authors":"Dominique Lemmermann, R. Riphahn","doi":"10.2139/ssrn.3172716","DOIUrl":"https://doi.org/10.2139/ssrn.3172716","url":null,"abstract":"We investigate the causal effect of age at migration on subsequent educational attainment in the destination country. To identify the causal effect we compare the educational attainment of siblings at age 21, exploiting the fact that they typically migrate at different ages within a given family. We consider several education outcomes conditional on family fixed effects. We take advantage of long running and detailed data from the German Socio-Economic Panel, which entails an oversample of immigrants and provides information on language skills. We find significant effects of age at migration on educational attainment and a critical age of migration around age 6. The educational attainment of female immigrants responds more strongly to a high age at immigration than that of males. Also, language skills do not appear to be central for the causal connection between age at migration and educational attainment.","PeriodicalId":208782,"journal":{"name":"WGSRN: Gender & Globalization (Topic)","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125988533","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}