Gender differences in youth savings and investment strategies
Research Article
How to Cite
Yarasheva A.V., Alikperova N.V., Markov D.I. Gender differences in youth savings and investment strategies. Population. 2022. Vol. 25. No. 2. P. 153-165. DOI: https://doi.org/10.19181/population.2022.25.2.13 (in Russ.).
Abstract
The article is devoted to analysis of gender characteristics when young people build their savings and investment strategies. The authors compare the results of two own sociological studies carried out jointly by: 1) scientists of the Institute of Socio-Economic Studies of Population of the FCTAS RAS and the Financial University; 2) scientists of the Institute of Socio-Economic Studies of Population of the FCTAS RAS and the Institute of Psychology of the Russian Academy of Sciences. A number of data related to the choice of savings and investment behaviors of Russians are considered on the results of a study by the NAFI Analytical Center. In the gender context are considered such important issues for the study of financial strategies as: the need and availability of savings; ways to manage finances (first save, then spend, or vice versa); the share of income directed to savings; the goals of savings formation; the ability to build a horizon for planning one's own expenses; types and purposes of investing money. There are identified differences in the strategies of young men and women: when making savings (with constant share of savings) — a greater randomness in women, a longer planning horizon and ability to distribute their income in men; when making investments: more conservative risk-free strategies by women than by men, a much larger gender gap in choosing an investment strategy in regions compared to the capital region, as well as in the motives for investing in the stock market. Conclusions are drawn about the importance of understanding the needs of young women in formation of their savings and investment strategies for development (by financial institutions and educational organizations) of the goals to raise the level of financial literacy of this category of the population.
Keywords:
gender differences, youth, savings, investment strategies
References
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3. Rimashevskaya N. M. Innovatsii, reformy i logika gendernogo vosproizvodstva [Innovations, reforms and the logic of gender reproduction]. Zhenshchiny Rossii 21 vek gendernyje issledovaniya. [Women of Russia. 21st Century. Gender Studies]. ISEPN RAN [Institute of Socio-Economic Studies of Population RAS, Scientific Council on Gender Relations]. Moscow. 2016. P. 9-20. (in Russ.)
4. Khotkina Z. A., Dobrokhleb V. G., Rusanova N. E. Gendernyje problemy v Rossii i metodologiya ih analiza [Gender problems in Russia and methodology of their analysis]. Narodonaselenie [Population]. 2018. Vol. 21. No. 4. P. 135-149. DOI: 10.26653/1561-7785-2018-21-4-12. (in Russ.)
5. Aleksandrova O. A., Yarasheva A. V. Vliyanije ekonomicheskih ozhidanij na finansovoje povedenije rossijskogo naseleniya [The impact of economic expectations on the financial behavior of the Russian population]. Voprosy statistiki [Statistical Issues]. 2016. No. 5. P. 70-79. (in Russ.)
6. Alikperova N. V., Yarasheva A. V., Vinogradova K. V. Motivatsiya trudovogo povedeniya molodezhi kak vozmozhnosti dlya realizacii finansovyh strategij [Motivating young people's labor behavior as an opportunity for implementing financial strategies]. Ekonomicheskije i sotsial'nyje peremeny: fakty, tendentsii, prognoz [Economic and Social Changes: Facts, Trends, Forecast]. 2019. Vol. 12. No. 1. P. 226-240. DOI: 10.15838/esc.2019.1.61.14. (in Russ.)
7. Yarasheva A. V., Alikperova N. V. Gendernyje razlichiya finansovogo povedeniya naseleniya [Gender differences in financial behavior of population]. Narodonaselenie [Population]. 2020. Vol. 23. No. 2. P. 51-60. DOI: 10.19181/population.2020.23.2.5. (in Russ.)
8. Van Anh Hoang. Gender-Specific Differences in the Financial Decision-Making Behavior. Munich. GRIN Verlag. 2015. 77 p. ISBN 978-3-668-19123-5.
9. Malkina M. Yu., Rogachev D. Yu. Vzaimosvyaz' finansovoj gramotnosti v sfere tsifrovyh tekhnologij i lichnostnyh harakteristik rossijskih studentov: gendernyj aspekt [Interrelation of financial literacy in the sphere of digital technologies with personal characteristics of Russian students: gender aspect]. Zhenshchina v rossijskom obshchestve [Woman in Russian Society]. 2018. No. 3(88). P. 104¬115. DOI: 10.21064/WinRS.2018.3.10. (in Russ.)
10. Markov D. I. Sberezheniya molodezhi: predpochteniya i namereniya molodyh moskvichej [Savings of young people: preferences and intentions of young Muscovites]. Sberezhenije naseleniya Rossii: zdorov'je, zanyatost', uroven' i kachestvo zhizni. materialy mezhdunarodnoj nauchno-prakticheskoj konferentsii. IV Rimashevskie chteniya [Saving Russian Population: Health, Employment, Standards and Quality of Life. Proceedings of the international scientific and practical conference IV Rimashevskaya Readings]. Moscow, 30 March 2021]. Moscow. FNISTs RAN [Federal Center of Theoretical and Practical Sociology RAS]. 2021. P. 124-127. (in Russ.)
11. Evdokimova A. S. Psihologo-ekonomicheskije aspekty otnosheniya k den'gam studencheskoj molodezhi (na primere obuchayushchihsya Zabajkal'skogo kraya) [Psychological and economic aspects of the attitude to money of students (on the example of students in Zabaykalsky Krai)]. Psihologiya i psihotekhnika [Psychology and Psychotechnics]. 2019. No. 4. P. 57-65. DOI: 10.7256/2454-0722.2019.4.31397. (in Russ.)
12. Radaev V. V. Millenialy na fone predshestvuyushchih pokolenij: empiricheskij analiz [Millenials compared to previous generations: an empirical analysis]. Sotsiologicheskije issledovaniya [Sociological Studies]. 2018. No. 3. P. 15-33. DOI: 10.7868/S0132162518030029. (in Russ.)
13. Alikperova N. V. Monetarnyje ustanovki molodezhi v usloviyah sotsial'no-ekonomicheskoj nestabil'nosti [Monetary attitudes of young people in conditions of socio-economic instability]. Uroven' zhizni naseleniya regionov Rossii [Living Standard of the Population in the Regions of Russia]. 2021. Vol. 17. No. 3. P. 372-381. DOI: 10.19181/lsprr.2021.17.3.7. (in Russ.)
14. Bagryanskaya E. S. Problema vospitaniya kul'tury ratsional'nogo upravleniya finansami sredi molodezhi [The problem of fostering a culture of rational financial management among young people]. Promyshlennoje razvitije Rossii: problemy, perspektivy. sbornik statej po materialam 18 Mezhdunarodnoj nauchno-prakticheskoj konferentsii prepodavatelej vuzov, uchenyh, spetsialistov, aspirantov, studentov. [Industrial Development of Russia: Problems, Prospects. Proceedings of the XVIII international scientific and practical conference of university teachers, scientists, specialists, postgraduates, students]. Mininskiy universitet [Minin Nizhny Novgorod State Pedagogical University]. Nizhny Novgorod. 2021. P. 16-20. (in Russ.)
15. Afanasyev M. V., Vakhitova T. M. Osobennosti investitsionnogo povedeniya naseleniya v sovremennyh usloviyah (na primere molodezhi i studenchestva) [Formation of the investment behavior of population in modern conditions (on the example of youth and students)]. Kazanskij ekonomicheskij vestnik [Kazan Economic Vestnik]. 2020. No. 6 (50). P. 27-31. (in Russ.)
16. Yu K. — M., Wu А. М., Chan W.—S., Chou K.—L. Gender differences in financial literacy among Hong Kong workers. Educational Gerontology. 2015. Vol. 41. Iss. 4. P. 315-326.
Article
Received: 31.03.2022
Accepted: 10.06.2022
Citation Formats
Other cite formats:
APA
Yarasheva, A. V., Alikperova, N. V., & Markov, D. I. (2022). Gender differences in youth savings and investment strategies. Population, 25(2), 153-165. https://doi.org/10.19181/population.2022.25.2.13
Section
GENDER STUDIES
