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Gendered Prices

delete2021-04-09
delete24
delete
OA
AI
R
Renée B. Adams *
R
Roman Kräussl
M
Marco Navone
P
Patrick Verwijmeren
DOI：10.1093/rfs/hhab046delete
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Abstract

Abstract

En 中文
We provide evidence that culture is a source of pricing bias. In a sample of 1.9 million auction transactions in 49 countries, paintings by female artists sell at an unconditional discount of 42.1%. The gender discount increases with measures of country-level gender inequality-even in artist fixed effects regressions. Our results are robust to accounting for potential gender differences in art characteristics and their liquidity. Evidence from two experiments supports the argument that women's art may sell for less because it is made by women. However, the gender discount reduces over time as gender equality increases.
Keywords:
ART
INVESTMENT
MARKET
RETURNS
WOMEN
WORK

Journal

Review of Financial Studies cover
Review of Financial Studies
IF:
5.4
Papers:
2.8K
Citations:
3.0W

Organization

S
Stanford University
Scholars:
9.6W
Papers: 8.2W
Citations: 17.0W
U
university of technology sydney
Scholars:
1.6W
Papers: 2.0W
Citations: 25
U
university of oxford
Scholars:
9.7W
Papers: 8.6W
Citations: 137
U
university of melbourne
Scholars:
5.7W
Papers: 5.4W
Citations: 69
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