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Managing one's personal finances: Are women more overconfident than men?

Author

Listed:
  • Hermansson, Cecilia

    (Department of Real Estate and Construction Management, Royal Institute of Technology)

  • Jonsson, Sara

    (Stockholm University, Stockholm Business School)

Abstract

We investigate gender differences in overconfidence in managing one’s personal finances and find that women are more overconfident than men in this context. Overconfidence decreases with educational level for both genders, however, the decrease is larger for men.

Suggested Citation

  • Hermansson, Cecilia & Jonsson, Sara, 2020. "Managing one's personal finances: Are women more overconfident than men?," Working Paper Series 20/1, Royal Institute of Technology, Department of Real Estate and Construction Management & Banking and Finance.
    • Handle: RePEc:hhs:kthrec:2020_001
    as

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    References listed on IDEAS

    as
    1. Nekby, Lena & Thoursie, Peter Skogman & Vahtrik, Lars, 2008. "Gender and self-selection into a competitive environment: Are women more overconfident than men?," Economics Letters, Elsevier, vol. 100(3), pages 405-407, September.
    2. Renée B. Adams & Patricia Funk, 2012. "Beyond the Glass Ceiling: Does Gender Matter?," Management Science, INFORMS, vol. 58(2), pages 219-235, February.
    3. Paul W. Grimes, 2002. "The Overconfident Principles of Economics Student: An Examination of a Metacognitive Skill," The Journal of Economic Education, Taylor & Francis Journals, vol. 33(1), pages 15-30, January.
    4. Hardies, Kris & Breesch, Diane & Branson, Joël, 2013. "Gender differences in overconfidence and risk taking: Do self-selection and socialization matter?," Economics Letters, Elsevier, vol. 118(3), pages 442-444.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    overconfidence; education; gender; personal finances;
    All these keywords.

    JEL classification:

    • G40 - Financial Economics - - Behavioral Finance - - - General
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
    • G53 - Financial Economics - - Household Finance - - - Financial Literacy
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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