STEM Parents and Women in Finance

Adams, Reneé, Barber, Brad M. and Odean, Terrance (2018) STEM Parents and Women in Finance. Financial Analysts Journal, 74 (2). pp. 84-97.

Abstract

We show parental careers differentially affect the future career choices of girls and boys using survey data from CFA Institute members. Among CFA Institute members, women are more likely to have a STEM parent (particularly a STEM mother) than men. Relative to the base rates at which girls and boys become CFA Institute members, STEM mothers increase the girls’ rate by 48% more than the boys’ rate; STEM fathers increase the girls’ rate 29% more than the boys’ rate. Our findings are consistent with the hypothesis that early role models, particularly female role models, influence women’s choice of finance careers.

Item Type: Article
Keywords: Women, Gender, Finance, CFA, Investment Industry, Finance
Subject(s): Finance
Date Deposited: 04 Oct 2018 10:51
Last Modified: 04 Oct 2018 10:51
Funders: N/A
URI: http://eureka.sbs.ox.ac.uk/id/eprint/6956

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