The Interplay between Money and Gender in the Marketplace

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Authors

Mutluoglu, Esra Aybike

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thesis

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eng

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Psychology of money , Gender stereotypes , Gendered cognition , Subjective value

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Abstract

As one of the primary resources that plays a major role in every person’s life, money has drawn considerable attention from scholars. To date, many empirical studies have demonstrated different ways people perceive and interact with money, and how their thoughts, feelings and behaviors change as a result of money. Nevertheless, our understanding of how money interacts with gender in the marketplace remains rather limited. Thus, my dissertation aims to address this gap by investigating whether consumers construe money through a gendered lens (Essay 1) and how consumer’s own gender may affect their judgments regarding money’s value (Essay 2). In my first essay, I theorize and find evidence that consumers tend to associate money with masculinity and this association impacts their subjective judgments about money’s value. Specifically, I demonstrate that features that are not congruent with the money-masculinity associative link, such as feminine cues or female depictions on money, diminish money’s perceived value. In my second essay, I find that women perceive a fixed amount of money as subjectively more valuable than men, even after controlling for income-related differences. This gender discrepancy appears to be unique to monetary resources and not applicable to non-monetary assets. I also explore a range of possible mechanisms that may drive the effect as well as its downstream consequences for consumers’ saving and spending decisions. Theoretical implications and future directions are discussed.

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