是男孩还是女孩?新生儿性别和家庭投资组合决策

IF 2.1 3区经济学 Q2 BUSINESS, FINANCE

European Financial Management Pub Date : 2023-11-22 DOI:10.1111/eufm.12469

Francesca Arnaboldi, Elena Beccalli, Francesca Gioia

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引用次数: 0

摘要

本文分析了新生儿性别在家庭投资决策中的作用。养育新生儿与现金持有的金融财富份额的减少和风险投资的增加有关。然而，这种重新分配是性别不均的:当养育女孩的家庭减少养育男孩的家庭时，分配给风险资产的总财富和金融财富份额都有所增加。这种影响是由第一个孩子驱动的。新生女婴的父母持有风险更高的投资组合，因为他们做出的财务决策受到他们对成年后新生儿自主和财务独立的期望的影响。

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Is it a boy or a girl? Newborn gender and household portfolio decisions

This paper analyzes the role of newborn gender in household investment decisions. Parenting a new baby is associated with a reduction of the share of financial wealth held as cash and an increase in risky investments. The reallocation is however gender-heterogeneous: the increase in the share of both total and financial wealth allocated to risky assets when parenting girls is reduced for households parenting boys. The effect is driven by the first child. Parents of newborn girls hold riskier portfolios because they make financial decisions influenced by their expectations on the autonomy and financial independence of newborns in adulthood.

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来源期刊

European Financial Management BUSINESS, FINANCE-

CiteScore

4.30

自引率

18.20%

发文量

期刊介绍： European Financial Management publishes the best research from around the world, providing a forum for both academics and practitioners concerned with the financial management of modern corporation and financial institutions. The journal publishes signficant new finance research on timely issues and highlights key trends in Europe in a clear and accessible way, with articles covering international research and practice that have direct or indirect bearing on Europe.