Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/263503 
Year of Publication: 
2022
Series/Report no.: 
IZA Discussion Papers No. 15287
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
Using micro-data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey, and the Oaxaca-Blinder decomposition technique, this paper contributes to knowledge on gender-gaps in financial literacy (FL) via a study of teenagers, emerging adults and young adults. The analysis suggests that important predictors of FL include schooling, high school-type, labour market activity and parental employment. There are large unexplained gaps, equal to 31.6%, 19.3% and 11.9% amongst those aged 15-19, 20-24 and 25-29, respectively. Very little of the gap may be explained by gender differences in human capital variables and other characteristics, including mathematics ability, cognitive ability and personality. The main conclusion is that the gap starts young and likely derives from gender stereotype beliefs.
Subjects: 
financial literacy
gender gap in financial literacy
gender stereotypes
adolescence
Oaxaca-Blinder decomposition
JEL: 
B54
D14
D31
G18
I30
J26
Document Type: 
Working Paper

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