From patriarchy to partnership: Gender equality and household finance

We obtain a model-driven measure of gender norms on intra-household financial decision making by leveraging dramatic variation across Italian cohorts and regions in the household head. use these estimates to identify effects parity decisions. More egalitarian increase participation markets, equity holdings, asset diversification, returns investments. This evidence suggests that roles can have large economic costs. Consistent with this view, we show patriarchal began receding early 1990s, when pension reform made it too costly comply traditional roles.