The gender gap in financial literacy: Income, education, and experience offer only partial explanations

Artikel

In most countries, women have a lower level of financial literacy than men on average. This report demonstrates that differences in income and education and less experience in financial matters only provide a partial explanation for the gender gap. Data from various countries show that cultural differences may also play a role. In order to close the gender gap in financial literacy, schools should do a better job of imparting general knowledge and numerical proficiency. Lessons on the subject of finance must attempt to involve girls so they learn to view financial matters as part of 'their job' from an early age. Overall gender equality would also narrow the gender gap in financial literacy.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: DIW Economic Bulletin ; ISSN: 2192-7219 ; Volume: 6 ; Year: 2016 ; Issue: 46/47 ; Pages: 531-537 ; Berlin: Deutsches Institut für Wirtschaftsforschung (DIW)

Classification and Topics

• Classification: Wirtschaft ; Household Saving; Personal Finance ; Economics of Gender; Non-labor Discrimination ; Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
• Subject: Financial literacy ; Financial Behavior ; Gender Gaps ; Individual Characteristics ; Societal Norms

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Grohmann, Antonia
• Event: Veröffentlichung
• (who): Deutsches Institut für Wirtschaftsforschung (DIW)
• (where): Berlin
• (when): 2016

Further information

• Handle: http://hdl.handle.net/10419/148080
• Last update: 10.03.2025, 11:42 AM CET