Financial Autonomy of Women in Punjab
Inderbeer Kaur Aulakh and
- Assistant Professor, Khalsa College, Patiala (Punjab)
- Assistant Professor, Desh Bhagat University, Mandi Gobindgarh, Amloh (Punjab)
The status of women in the society began to fall
since the end of the 18th century because of our
societal and family pressures. Education and
financial status of women become so weak that
they could not even think of their independent
career. Economic prosperity is not a sign of
social progress for women in Punjab. Another
significant characteristic of the status of women
in the state is the absence of a homogeneous social,
cultural and economic structure that makes any
generalizations of women impossible. Despite tall
claims of women empowerment, females are less
educated than men. There is a need of change of
our attitude without which we cannot improve
the condition of women. Modern urban working
women share equal responsibilities with men but
whether they are provided equal rights with men.
The question arises whether women have equal
say in the process of decision making at household
level and in case of other investment decisions.
The present study aims to find out autonomy for
financial decision making among urban working
women of Punjab. The study will also examine
investment behavior and risk aversion between
Financial Autonomy, Women Investor, Risk.
- Bahl, Sarita (2012),” Investment Behavior
of working Women of Punjab”.A Journal of
Economics and Management,1(6),ISSN 2278-
- Bernasek Alexandra, Bajtelsmit L. Vickie
(2002), “ Predictors of Women’s Involvement
In Household Financial Decision-Making”. The
Journal of the Association of Financial Counselling
and Planning Education, 13(1)
- Barber, B.M, and T. Odean ( 2001), “ Boys
will be Boys : Gender, Overconfidence And
Common Stock Investment,” The Quarterly
Journal of Economics, 261-292
- Byrnes, James P; Miller, David C; Schafer,
William D (1999), “ Gender Differences in Risk
Taking”. Psychological Bulletin, 125(3) 367- 383.
- Gaur Arti, Julee, Suhihja Sunita (2011), “
Difference in Gender Attitude in Investment
Decision Making in India”. Research Journal of
Finance And Accounting, 2,ISSN 2222-1697
- Gupta, Shakuntal (2011), “ Women Participation
in Household Decision-Making in Punjab”.
International Conference on mainstreaming
Gender: Issues And Challenges; Abstracts,
Leonard Printers, Punjab.
- James Hall (2012), “Women Are Key Decision
Makers in the Home” Consumers Affair Editor
3:08 PM GMT .
- Kimmis Jenny (2003), “Women in Economic
and Financial Decision-Making: A Study on the Barriers to Career Progression”. Institute of
Development Studies, UK.
- Kumar, Mahesh and Kumar, Vinod (2011),
“Empowering Indian working Women through
Financial Literacy” .International Conference on
mainstreaming Gender: Issues and Challenges;
Abstracts, Leonard Printers, Punjab.
- Kaur Manpreet (2012),“A Study of Women
Participation in Household Decision-making,”
International Referred Research Journal, ISSN-
- Kaur Varinder and Siwach Raj (2014),
“Women Empowerment In Punjab: A Study
of Malwa Region” . Indian Journal Of Public
- Manser, M & Brown, M (1990), “ Marriage And
Household Decision –Making : A bargaining
Analysis”. International Economic Review, 21,
- Nagiach Sangeeta, (2011), “Women Empowered
Or Disempowered: Scenario in Punjab”.
International Journal of Research in Commerce
And Management, 2(11), ISSN 0976-2183
- Rezapour Zahra, Ansari Hamid (2014), “
Studying The Factors Associated With Women’s
Participation in Family Decision –Making”.
European Journal of Experimental Biology,
- Sundan, A.E & Surette B.J (1998),“ Gender
Differences in the Allocation of Assets in
Retirement Saving Plans”. American Economic
Review, 88(2), 207-211.
- Schubert Renate et al. (1999), “Financial
decision-making: Are women really More Risk-
Averse”, The American Economic Review, 89(2).
- Sultane AM (2011),“Factors Effect on Women
Autonomy and Decision-making Power within
the Household in Rural Communities”. Journal
of Applied Sciences Research, 7, 18-22
- Sharma Anupam, Joshi Bhavesh(2015),“Women
Economic Empowerment and Financial
Decisions: Observations and Perceptions”.
Indian Journal of Applied Research, 5(1), ISSN
- Vasagadekar Priya (2014),“ Investment
Awareness among Indian Working Women With Reference to Pune Region ”. International
Journal of Scientific and Engineering Research,
5(6), 4, ISSN 2229-5518.
- Wood Andrew, Downer Kate, Lees Becky
and Toberman Annalise (2012), “Household
Financial Decision Making: Qualitative
Research with Couples”. RS Consulting Group,
Department for Works and Pensions.
- ‘Empowering Indian Working Women through
Financial Literacy’ (online) available at http://
wscpedia.org [Assessed Dec 2014]
- Women are the Key Decision-Makers in
the Home (online) available at http:// www.
telegraph.co.uk [Assessed Feb 2015]
- Financial Experience and Behaviors Among
Women (online) available at http:// Error!
Hyperlink reference not valid. Dec 2014]
- The Financial Judgement and Decision Making
Process of Women: The Role of Negative
Feelings (online) Abstract available at http:/ssrn.