Gender differences in recollections of economic socialization, financial self‐efficacy, and financial literacy

Furrebøe, Elise Frølich; Nyhus, Ellen K.; Musau, Andrew

doi:10.1111/joca.12490

Cited by 9 publications

(11 citation statements)

References 63 publications

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“…It was found that the students who received financial education and advice from their parents or guardians demonstrated higher levels of FSE (Vijaykumar, 2022). However, a study conducted by Furrebøe et al (2023) found that women have lower levels of FSE than men, despite similar levels of parental influence and guidance.…”

Section: (B) Social Contextmentioning

confidence: 96%

Financial self‐efficacy of consumers: A review and research agenda

Gulati,

Singh

2024

Int J Consumer Studies

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As an essential psychological construct, financial self‐efficacy (FSE) has garnered considerable attention in the field of consumer finance and demonstrated its influence on financial outcomes. FSE has been regarded as a learned belief rather than an innate quality that can be nurtured over time. Notwithstanding the increasing significance of understanding consumers' FSE, this particular line of literature has not been examined as an independent research domain. Accordingly, this framework‐based review comprehensively represents the current state of literature on FSE by covering 64 articles published between 1999 and 2023, compiled based on the Scientific Procedures and Rationales for Systematic Literature Reviews protocol and the theory–context–characteristics–methodology framework. Based on the review findings, an integrated model of FSE is proposed, summarizing the study frameworks and constructs employed as antecedents, modifiers, and outcomes in investigating consumer's FSE. Further, the review has identified certain areas that were previously overlooked. As a result, a research agenda has been developed, consisting of 22 research questions and four research objectives, which will articulate the direction for future research. Finally, the paper concludes, signifying the contribution and practical implications for researchers, families, practitioners, and society in selecting the most effective measures for improving consumers' FSE.

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Section: (B) Social Contextmentioning

confidence: 96%

Financial self‐efficacy of consumers: A review and research agenda

Gulati,

Singh

2024

Int J Consumer Studies

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“…According to Furrebøe et al (2022), economic socialization in the family during childhood and adolescence is important for financial literacy and economic behavior in adulthood. They argue that there are relatively large gender differences in how financial knowledge and skills are obtained.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Both young and old women show low levels of financial literacy. Also, relatively large gender differences in financial literacy are even found in countries such as the Netherlands and Norway which are both relatively gender equal in terms of access to education and to the labor market (Furrebøe et al. , 2022).…”

Section: Literature Reviewmentioning

confidence: 99%

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Gender and financial literacy in Ghana

Sarpong‐Kumankoma

Ab-Bakar

Akplehey

2023

AJEMS

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PurposeThis study examines the gender gap in financial literacy in Ghana.Design/methodology/approachThis study employs primary data and probit models together with the Oaxaca-Blinder decomposition strategy.FindingsThe authors found that males are generally more financially literate than females are. The results also show that much of the gender gap in financial literacy is explained by differences in coefficients or how literacy is produced and not by differences in the demographic and socio-economic characteristics of men and women. Thus, the gap may be attributable to unobserved behavioural and psychological traits, as well as cultural and social norms regarding gender roles in financial decision-making.Practical implicationsIt is evident that further action is needed to bridge the gap between men and women with regards to financial literacy. Effective interventions may include improving women's access to financial information and education, as well as encouraging their participation in household financial decision-making and planning. In particular, less educated women need to be targeted by policy initiatives in this regard.Originality/valueThis study contributes to the scant literature on gender gap in financial literacy in developing countries.

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“…Literasi keuangan adalah selengkap intuisi, kemampuan, tindakan, sikap serta ilmu yang diperlukan demi membuat keputusan keuangan untuk tercapainya kesejahteraan keuangan seseorang (Furrebøe et al, 2022) Madura" sudah terbukti.…”

Section: Definisi Operasional Variable Penelitian 1 Literasi Keuanganunclassified

Pengaruh Literasi Keuangan, Pengetahuan Keuangan Dan Pengendalian Diri Terhadap Perilaku Manajemen Keuangan Pada Umkm Yang Terdapat Di Pulau Madura

Kurniawan

Simon

2022

akuntabilitas

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Penelitian ini bertujuan untuk mengetahui tentang pengaruh literasi keuangan, pengetahuan keuangan dan pengendalian diri terhadap perilaku manajemen keuangan pada UMKM yang terdapat di Pulau Madura. Purpose Sampling adalah metode yang digunakan untuk pengambilan responden berjumlah 70 orang. Penelitian ini memiliki hasil yang menunjukkan bahwawasanya ada pengaruh literasi keuangan dan pengetahuan keuangan pada perilaku manajemen keuangan, akan tetapi tidak ada pengaruh pengendalian diri terhadap perilaku manajemen keuangan.

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Gender differences in recollections of economic socialization, financial self‐efficacy, and financial literacy

Cited by 9 publications

References 63 publications

Financial self‐efficacy of consumers: A review and research agenda

Financial self‐efficacy of consumers: A review and research agenda

Gender and financial literacy in Ghana

Pengaruh Literasi Keuangan, Pengetahuan Keuangan Dan Pengendalian Diri Terhadap Perilaku Manajemen Keuangan Pada Umkm Yang Terdapat Di Pulau Madura

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