Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/308430 
Erscheinungsjahr: 
2025
Verlag: 
ZBW - Leibniz Information Centre for Economics, Kiel, Hamburg
Zusammenfassung: 
Economic literacy has far-reaching consequences on savings and investments and ultimately affects individual financial well-being. Several studies report a gender difference in economic literacy in favor of males, disadvantaging women and posing a threat to gender equality. However, there is limited evidence addressing the factors underlying the gender gap. Using a representative sample of German high school students (N=1,958), we investigate gender differences in students’ economic literacy. Additionally, we examine potential explanatory factors for the gap that have been reported in previous studies focusing more narrowly on financial literacy and personal finance. Results confirm a substantial gender gap in economic literacy favoring boys (0.25 SD). Regression models and Oaxaca-Blinder decomposition analyses reveal math ability and interest in economics as important drivers for the gender gap. Self-efficacy and risk aversion are further factors accounting for the gap while most socialization variables appear to have little relevance. Including effort as a control variable increases the gap, suggesting that the gap may have been underestimated in previous studies that did not consider this factor. Our study provides important implications for policy interventions to mitigate the gender gap in economic literacy.
Schlagwörter: 
Economic Literacy
Gender Gap
JEL: 
A21
Dokumentart: 
Working Paper

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