Fuhrmann, Bettina, Silgoner, Maria. 2018. Analyzing the Gender Gap in Financial Literacy. International Journal for Infonomics. 11 (3), 1779-1787.

RIS

@ARTICLE{Fuhrmann2018,
title = {Analyzing the Gender Gap in Financial Literacy},
author = {Bettina Fuhrmann and Maria Silgoner},
year = {2018},
doi = {na},
volume = {11},
number = {3},
language = {EN},
pages = {1779-1787},
journal = {International Journal for Infonomics},
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.},
}