Journal article
Gendered prices
- Abstract:
- 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.
- Publication status:
- Published
- Peer review status:
- Peer reviewed
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(Preview, Version of record, pdf, 1.5MB, Terms of use)
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- Publisher copy:
- 10.1093/rfs/hhab046
Authors
- Publisher:
- Oxford University Press
- Journal:
- Review of Financial Studies More from this journal
- Volume:
- 34
- Issue:
- 8
- Pages:
- 3789–3839
- Publication date:
- 2021-04-09
- Acceptance date:
- 2020-12-01
- DOI:
- EISSN:
-
1465-7368
- ISSN:
-
0893-9454
- Language:
-
English
- Keywords:
- Pubs id:
-
1147495
- Local pid:
-
pubs:1147495
- Deposit date:
-
2020-12-02
- ARK identifier:
Terms of use
- Copyright holder:
- Adams et al.
- Copyright date:
- 2021
- Rights statement:
- © The Author(s) 2021. Published by Oxford University Press. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted reuse, distribution, and reproduction in any medium, provided the original work is properly cited.
- Licence:
- CC Attribution (CC BY)
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