The financial literacy gender gap and the role of culture

Abstract

This paper empirically investigates the role of culture in explaining the frequently reported differences in financial literacy between women and men. Using nationally representative survey data from India, we find that women are significantly less financially literate than men. This gender gap is not observable, however, when we only consider matrilineal states. Moreover, matrilineal women are more financially knowledgeable than patriarchal women. Using the Blinder-Oaxaca decomposition method, we find that education, English language skills and the use of different information sources, such as newspapers and TV, are key transmission channels in explaining differences in financial knowledge between men and women in patriarchal states, and between patriarchal and matrilineal societies.

Financial Literacy of Young and Teenagers in India

“…The summated score of these questions may total from 5-25 on the Likert scale. Hence, the Financial Attitude is considered a Negative Attitude (5-13), Neutral (14)(15)(16)(17) or Positive Attitude (18-25).…”

“…The summated score of these questions may total from 4-20 on the Likert scale. Hence, Financial Behaviour is interpreted as Saving oriented Behaviour (4-10), Neutral (11)(12)(13) or Expenditure oriented Behaviour (14)(15)(16)(17)(18)(19)(20).…”

Encouraging financial literacy for Younger: Effects on self-confidence.

“…Eventually, 68.31% of Khwaja Fareed University of Engineering and Information Technology (KFUEIT) university students determined to participate in this have a look at. We agree with that this very high pupil fee has three meanings: (i) the university has a coverage in which final certificate are issued handiest to folks who attend regularly (see the beginning of segment 2); (ii) university students are of the technology of toddler boomers and are within the section in their life-cycle with a wealth of accrued assets, which makes them much more likely to be interested by associated economic issues; (iii) the province has currently been hit by way of the disintegrate of two resident banking institutions (Rink et al, 2021), which may have improved considerably to the financial division. Our standard examination focused just on IV similar queries before and after the intercession that provided the highest comparison.…”

Determinación de los Factores Que Inciden en la Alfabetización Financiera en Mujeres en Condición de Vulnerabilidad, Para Bucaramanga y su Área Metropolitana, Colombia

“…Por otra parte, se rescata la alta presencia de estudios en el continente europeo, donde sobresale la participación de Alemania con el mayor número de investigaciones realizadas, entre las cuales abarcan todos los rangos etarios y diversos factores como la influencia de la cultura en la alfabetización financiera de los adultos (Rink et al, 2021) y, los estereotipos de género para adolescentes (Driva et al, 2016). Adicionalmente, en Italia han enfocado sus esfuerzos en las poblaciones más jóvenes, donde se remarca la investigación sobre cómo el rol de la madre influye en el futuro conocimiento financiero de las niñas (Bottazzi & Lusardi, 2021).…”