Gender differences in portfolio risk across birth cohort and marital status

摘要

This paper investigates gender differences in portfolio risk among Canadian men and women and finds that, controlling for a variety of personal and household characteristics, never married men, born post-1966, hold significantly higher risk portfolios relative to single women and married couples. Conversely, observed gender differences among pre-1943 birth cohorts are primarily driven by disparities in characteristics rather than gender or marital status. Previously married women, born 1955-1966, have remarkably high predicted portfolio risk relative to other women and men in the same cohort.