Economic literature identifies a gender gap in financial literacy. This paper tests to what extent the gender gap is due to a misspecification problem or whether it exists because boys and girls do indeed have differing ways of acquiring financial literacy.
Our estimates show that the gender gap decreases by 20 per cent when the model includes the effect of non-cognitive skills, for 15-year-old students in Spain. However, differences between boys and girls in financial literacy remain statistically significant.
How individuals and families conduct their financial dealings is an essential component of economic well-being
The results show that individuals with higher levels of self-confidence score higher in financial literacy tests
There are other factors such as maturity, gender, socio-economic characteristics and the surroundings, which also influence financial literacy
Full content of the publication
I00, D83, C81
Financial Literacy: The Case of Poland
Financial literacy is a path to sustainability and has an important role in ensuring the financial sustainability of ind...Read more
Insuring the Way to a Financially Resilient America
How consumers of all income levels are struggling with basic elements of resilience.Read more
The Effect of Financial Literacy and Financial Education on Downstream Financial Behaviors
Financial education as a necessary antidote to the increasing complexity of consumers’ financial decisionsRead more