Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/148080
Authors: 
Grohmann, Antonia
Year of Publication: 
2016
Citation: 
[Journal:] DIW Economic Bulletin [ISSN:] 2192-7219 [Volume:] 6 [Year:] 2016 [Issue:] 46/47 [Pages:] 531-537
Abstract: 
In most countries, women have a lower level of financial literacy than men on average. This report demonstrates that differences in income and education and less experience in financial matters only provide a partial explanation for the gender gap. Data from various countries show that cultural differences may also play a role. In order to close the gender gap in financial literacy, schools should do a better job of imparting general knowledge and numerical proficiency. Lessons on the subject of finance must attempt to involve girls so they learn to view financial matters as part of 'their job' from an early age. Overall gender equality would also narrow the gender gap in financial literacy.
Subjects: 
Financial literacy
Financial Behavior
Gender Gaps
Individual Characteristics
Societal Norms
JEL: 
D14
J16
D91
Document Type: 
Article

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