Fuhrmann, Bettina, Silgoner, Maria. 2018. Analyzing the Gender Gap in Financial Literacy. International Journal for Infonomics. 11 (3), 1779-1787.
BibTeX
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 financial knowledge, even if we control for different socio-demographic characteristics and response behavior. 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 selfconfidence in making financial decisions.
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Status of publication | Published |
---|---|
Affiliation | WU |
Type of publication | Journal article |
Journal | International Journal for Infonomics |
Language | English |
Title | Analyzing the Gender Gap in Financial Literacy |
Volume | 11 |
Number | 3 |
Year | 2018 |
Page from | 1779 |
Page to | 1787 |
Reviewed? | Y |
DOI | na |
Open Access | N |
Associations
- People
- Fuhrmann, Bettina (Details)
- External
- Silgoner, Maria (Oesterreichische Nationalbank, Austria)
- Organization
- 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)