- Social Policy, Human Development and Society
In Latin America and worldwide, it is observed that there are fewer women holding positions of responsibility in various companies and sectors of economic activity. These gender gaps are important, especially in more developed countries. In addition, when women participate as entrepreneurs, they do so in less favorable conditions, since they are owners or leaders of smaller, less profitable companies, of lower growth, or more informal. One hypothesis states that all this happens because women tend to be more risk-averse than men, while most business positions are characterized by not being risk-neutral. Thus, the objective of this paper is to analyze whether, intrinsically, women tend to be more risk-averse than men in most of the decisions they make, whether at home or in the labor market. That would mark an important guideline in all those measures which are deployed globally to strengthen the leadership and empowerment of women in the economy.