Arbeitspapier
Financial Literacy Amongst Young People: When Does the Gender Gap Begin?
Using micro-data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey, and the Oaxaca-Blinder decomposition technique, this paper contributes to knowledge on gender-gaps in financial literacy (FL) via a study of teenagers, emerging adults and young adults. The analysis suggests that important predictors of FL include schooling, high school-type, labour market activity and parental employment. There are large unexplained gaps, equal to 31.6%, 19.3% and 11.9% amongst those aged 15-19, 20-24 and 25-29, respectively. Very little of the gap may be explained by gender differences in human capital variables and other characteristics, including mathematics ability, cognitive ability and personality. The main conclusion is that the gap starts young and likely derives from gender stereotype beliefs.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 15287
- Klassifikation
-
Wirtschaft
Feminist Economics
Household Saving; Personal Finance
Personal Income, Wealth, and Their Distributions
General Financial Markets: Government Policy and Regulation
Welfare, Well-Being, and Poverty: General
Retirement; Retirement Policies
- Thema
-
financial literacy
gender gap in financial literacy
gender stereotypes
adolescence
Oaxaca-Blinder decomposition
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Preston, Alison
Wright, Robert E.
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute of Labor Economics (IZA)
- (wo)
-
Bonn
- (wann)
-
2022
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Preston, Alison
- Wright, Robert E.
- Institute of Labor Economics (IZA)
Entstanden
- 2022
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