Quotation Fuhrmann, Bettina, Silgoner, Maria. 2017. Do Women Need Special Attention in Financial Education? In London International Conference on Education 2017 Proceedings, Hrsg. Infonomics Society, 114-119. Cambridge: None.




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 behaviour. However, women seem to be less prone to spending money, are more risk averse and watch their financial status more closely. In a multiple regression analysis, knowledge, attitudes and behavior are relevant for explaining financial well-being, but gender is not. Thus, it seems that women are not necessarily a financially vulnerable group but might benefit from acquiring more financial knowledge and gain more self-confidence in making financial decisions.


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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Contribution to conference proceedings
Language English
Title Do Women Need Special Attention in Financial Education?
Title of whole publication London International Conference on Education 2017 Proceedings
Editor Infonomics Society
Page from 114
Page to 119
Location Cambridge
Year 2017
ISBN 978-1-908320-87-2
Open Access Y


Fuhrmann, Bettina (Details)
Silgoner, Maria (Oesterreichische Nationalbank, Austria)
Institute for 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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