Quotation Fuhrmann, Bettina, Silgoner, Maria. 2017. Gender Differences in Financial Knowledge, Attitudes and Behavior. Jahrestagung 2017 des Vereins für Socialpolitik "Alternative Geld- und Finanzarchitekturen" Wien, Österreich, 03.09.-06.09.


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Abstract

Studies have repeatedly shown that women answer less financial knowledge questions correctly than men. Hence, they are often identified to be a financially ‘vulnerable’ group who needs more attention in financial education. This paper explores if this holds true for the Austrian population. A survey among 2,000 respondents reveals that Austrian men outperform women in terms of knowledge, even if we control for different socio-demographic characteristics and response behavior. However, according to their self-assessment women seem to be less prone to spending money instead of saving it, are more risk averse and watch their financial status more closely. A regression analysis reveals that while knowledge, attitudes and behavior are relevant for explaining financial well-being, gender clearly is not.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Poster presented at an academic conference or symposium
Language English
Title Gender Differences in Financial Knowledge, Attitudes and Behavior
Event Jahrestagung 2017 des Vereins für Socialpolitik "Alternative Geld- und Finanzarchitekturen"
Date 03.09.-06.09.
Location Wien
Country Austria
Year 2017

Associations

People
Fuhrmann, Bettina (Details)
External
Silgoner, Maria (Oesterreichische Nationalbank, Austria)
Organization
Business Education IN (Details)
Competence Center for Empirical Research Methods WE (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5348 Business education (Details)
5405 Empirical social research (Details)
5807 Didactics (Details)
5816 Education science (Details)
5963 Evaluation research (Details)
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