Female workers, male managers: Gender, leadership, and risk‐taking

This study examines gender differences in risk-taking behavior among managers a female-dominated industry. Using data from international top-level women's soccer, we provide evidence that male coaches show lower level of than female on average. We also find U-shaped age effect is independent gender, meaning young and more mature individuals tend to take riskier decisions. Our main results therefore strongly contrast with the majority previous studies risk preferences, thereby emphasize importance considering industrial environment. Underlying selection processes may play an important role. no correlation between gap empowerment defined by national equality scores.