Exploring investments determinants by gender in Brazil during the COVID-19 pandemic

This study examines the determinants of Brazilian investment in financial assets by gender during the COVID-19 pandemic, utilizing data from the Raio X do Investidor Brasileiro survey and a Logit regression model. The findings reveal that higher individual income, financial literacy, and education significantly increase the likelihood of investing in financial assets. In contrast, having more children is negatively associated with the probability of investing. Additionally, race and gender analysis indicates that white males are more likely to invest. Notably, economic expectations show an inverse relationship, where more positive expectations reduce the probability of investment. Gender-specific analysis highlights distinct patterns. Individual income and education positively impact investment decisions for both men and women. However, financial literacy boosts the likelihood of investing exclusively for women. For men, factors such as having children, positive economic expectations, and age reduce the probability of investing, with the relationship between age and investment following a decreasing but accelerating trend. Furthermore, race and economic expectations uniquely influence investment behavior among men.