Husbands, wives, and financial knowledge in wealthy households

Hanna, Sherman D.; Kim, Kyoung Tae; Lindamood, Suzanne; Lee, Sunwoo T.

doi:10.1002/cfp2.1110

Cited by 10 publications

(17 citation statements)

References 25 publications

(37 reference statements)

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“…Studies into the adoption of this technology often find that more males than females tend to use it; see, for example, [ 32 , 33 ], and [ 34 ]. 16 In light of the findings in the present paper, it is tempting to link this with the observation that in many countries men are more often primarily responsible for household financial matters; for the case of the US, see [ 35 , 36 ].…”

Section: Discussionmentioning

confidence: 82%

Consumer characteristics and e-grocery services: the primacy of the primary shopper

Hove

2022

Electron Commer Res

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The literature does not agree on the precise role of socio-demographic characteristics in the adoption of online grocery shopping. This methodological note reviews the literature and shows that the differences in empirical results can to a large extent be explained by the data that is used. In particular, what matters is whether or not the survey that is exploited was targeted at the household member primarily responsible for the grocery shopping. I show that studies that use a non-targeted survey erroneously find that women are keener to adopt e-grocery services, in that the gender gap is simply due to women’s role as homemakers. I also show that such studies tend to underestimate the impact of education and income.

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Section: Discussionmentioning

confidence: 82%

Consumer characteristics and e-grocery services: the primacy of the primary shopper

Hove

2022

Electron Commer Res

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“…Changes in women's education, an increase in the number of women who work will also have an impact in the family. If one partner has more education than the other, he will automatically be more knowledgeable financially [23]. Women's involvement in household financial decisions increases along with household income and formal education and financial literacy [24].…”

Section: The Role Of Women In Investment Decisions In the Familymentioning

confidence: 99%

Female Workers During Post Pandemic: Gender and Investment Decisions

Prajawati¹,

Basir²

2023

Advances in Social Science, Education and Humanities Research

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Investment is an effort to balance needs, expenses and sources of income. Women are required to have basic knowledge of finance, such as controlling expenses, to setting aside money for investment. By looking at the gender perspective, this study aims to identify how investment decisions are made by female workers in making investment decisions, in addition to identifying the types of investments made by these female workers. Some of the reasons given by respondents related to why it is important to invest is security in the future. It is important for us to secure our future by means of one of them by investing. With investment, we can cultivate wealth which we can use to finance our needs in the future. We must be able to respond to the uncertainty of the future wisely. In addition to future security, the reasons and objectives for investing are education of children in the future, for emergencies, child marriage and house purchases. The choice of investments made by women includes land, deposits, property and precious metals.

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“…Another major factor discussed in past literature is individuals' attitudes and skills. Specifically, their risk tolerance could affect their utility optimization for uncertain choices (Ameriks et al, 2020; Hanna & Lindamood, 2010). Jappelli and Padula (2013) noted that investment in financial knowledge is based on an intertemporal choice model comparing costs and benefits of financial knowledge across time.…”

Section: Literature Review and Conceptual Backgroundmentioning

confidence: 99%

The silent diversion of knowledge: Examining inequality of financial knowledge

Lee,

Nam

2023

Int J Consumer Studies

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Scholars and policymakers have long been concerned about the lack of financial knowledge and the socioeconomic disparities in financial knowledge in the United States. The objectives of this study are (1) to assess the extent of income‐related inequality in financial knowledge and how it changed between 2012 and 2018 and (2) to determine what factors explain the income‐related inequality in financial knowledge and the change over time. Using National Financial Capability Study datasets, our study revealed that from 2012 to 2018 there was income‐related inequality in financial knowledge. Financial experience, education, and numeracy were major contributing factors to inequality in financial knowledge, according to decomposition analysis. Income‐related inequality in financial knowledge in the United States decreased between 2012 and 2018, mainly due to an overall change in financial experience. This study provides meaningful insights to policymakers and educators interested in improving financial knowledge in the United States.

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Husbands, wives, and financial knowledge in wealthy households

Cited by 10 publications

References 25 publications

Consumer characteristics and e-grocery services: the primacy of the primary shopper

Consumer characteristics and e-grocery services: the primacy of the primary shopper

Female Workers During Post Pandemic: Gender and Investment Decisions

The silent diversion of knowledge: Examining inequality of financial knowledge

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