How well do women do when it comes to financial literacy? Proposition of an indicator and analysis of gender differences

Potrich, Ani Caroline Grigion; Vieira, Kelmara Mendes; Kirch, Guilherme

doi:10.1016/j.jbef.2017.12.005

Cited by 124 publications

(117 citation statements)

References 28 publications

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“…FK has the lowest performance compared with FA and FB. (see figure 1) This result could be affected for the kind of evaluation tool applied to compare to the study of Potrich et al (7) where they used a broader age's range of the population. Our study focuses on a population with an age range of 18-23 university students.…”

Section: Resultsmentioning

confidence: 96%

“…The FL survey includes of 61 questions divided into five sections: A=demographic (16), B=financial place and time with "informative answer" (1); C= Financial Attitude (18), D=Financial Behavior "validate answer" (13) and, E= Financial knowledge with "correct answer" (13). 43% of those questions were prepared or adapted by the authors and complemented from different studies published in the literature (7)(8)(9)(10)(11). An special question is included, the participants are asked to choose their priority to invest among retirement account, house and car as the three Key Financial Decisions (KFD).…”

Section: Methodsmentioning

confidence: 99%

“…One of the references building an adapted financial literacy evaluation instrument for Ecuador, in this study is Potrich et al (7) following their three constructs, financial attitude (FA), financial behavior (FB), and financial knowledge (FK) suggested too by OECD. Conceptually, Financial knowledge is acquired lifelong education, Financial Behavior is the action of how people are facing the decision-making process, and financial attitude is more focused on the individuals´ idiosyncratic background (8).…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

What Is the Financial Literacy Level of Ecuadorian Polytechnic University Students? An Essay to Evaluate Their Performance

Prado¹,

Everaert²,

Valcke³

2019

INTED2019 Proceedings

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University students were evaluated about financial literacy (FL) with a customized survey based on the contributions of many research studies including the OECD toolkit. Demographic and socioeconomic variables were related to three dimensions of FL, financial knowledge (FK), financial behavior (FB) and financial attitude (FA) as the content of this survey. Students with better financial background reached better FL scores and students without this background, but strong numeracy formation obtained the maximum Fk score as well. The FL valuation index is proposed as the simple average of the addition points in every dimension listed. This document pretends to share the principal findings to extend the discussion and enhance the results, to be used by policymakers as an essential contribution to the FL subject in Ecuador.

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Section: Resultsmentioning

confidence: 96%

Section: Methodsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

What Is the Financial Literacy Level of Ecuadorian Polytechnic University Students? An Essay to Evaluate Their Performance

Prado¹,

Everaert²,

Valcke³

2019

INTED2019 Proceedings

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“…Research in financial literacy that has been carried out so far is related to measuring the level of financial literacy in different demographic areas (Almenberg & Widmark, 2011;Huston, 2010;Lusardi & Mitchell, 2008), the effects of financial literacy in decision making related to finance (Almenberg & Widmark, 2011;Lusardi & Mitchell, 2008;Rooij, Lusardi, & Alessie, 2011), and the effects of financial education (Mandell & Klein, 2009;Berry, Karlan, & Pradhan, 2018). Some of the results of the research that has been conducted show there are differences in the level of literacy between women and men where women's financial literacy is lower than men's (Lusardi & Mitchell, 2011;Bucher-Koenen et al, 2016 ;Potrich, Vieira, & Kirch, 2017). This is a concern because of the low financial literacy that affects women more than men (Lusardi & Mitchell, 2008).…”

Section: Resultsmentioning

confidence: 99%

“…Efforts to improve financial literacy for women have also been carried out in various countries ranging from developing countries to developed countries (Bijli, 2012;Sharma & Johri, 2014;Potrich, Vieira, & Kirch, 2017). These efforts were made, for example, through financial education (Sebstad & Cohen, 2003;Faboyede et al, 2015), financial management training (Bijli, 2012), and assistance in financial management (Esowe & Cho, 2017).…”

Section: Resultsmentioning

confidence: 99%

Poverty Reduction and Financial Literacy for Women in Indonesia

Arini¹,

Widaningrum²,

Hadna³

2020

Proceedings of the Annual Conference of Indonesian Association for Public Administration (IAPA 2019)

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This article aims to discuss financial literacy as an integral part of poverty alleviation programs through women's economic participation. Financial literacy is a supporter in increasing economic participation. Financial literacy is a set of information that refers to an individual's ability to effectively assess and decide the use and management of money. The method used in this study is a literature review of several articles related to the research topic as well as other report documents and relevant case studies. Economic participation is a medium for women in an effort to reduce poverty in the economic sector. Women have an important role in the poverty reduction agenda through economic participation. Women's economic participation will not function properly without good financial literacy. In other words, financial literacy strongly supports women's economic participation because in the knowledge of such participation, the use and management of finances is very much needed. In Indonesia, financial literacy has only reached 38%, and the level of community economic participation is demonstrated through the labor force participation rate of more or less 50%. However, women's financial literacy is reportedly still low, reaching only 25%. This has implications for the achievement of women's economic participation, which is also below the standard, only reaching 36.62%. Thus, financial literacy for women is an alternative public policy for poverty reduction programs.

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