Details
| Original language | English |
|---|---|
| Article number | 100537 |
| Journal | Journal of Behavioral and Experimental Finance |
| Volume | 31 |
| Early online date | 6 Jul 2021 |
| Publication status | Published - Sept 2021 |
Abstract
This research studies the stylized fact of a “gender gap” in that women tend to have lower financial literacy than men. Our data which samples middle-class people from Bangkok does not show a gender gap for those with at least minimum wage earnings. This result is not explained by men's low financial literacy, nor by women's high income and good education. Rather, country characteristics may influence finance-specific gender equality, such as Thailand's small gender gaps in pupils’ mathematics abilities and secondary school enrollment, and women's strong role in financial affairs. This may indicate ways to reduce the gender gap in financial literacy elsewhere.
Keywords
- Financial behavior, Financial literacy, Gender gap, Individual characteristics, Societal norms, Thailand
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- Finance
Sustainable Development Goals
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In: Journal of Behavioral and Experimental Finance, Vol. 31, 100537, 09.2021.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - Financial literacy
T2 - Thai middle-class women do not lag behind
AU - Grohmann, Antonia
AU - Hübler, Olaf
AU - Kouwenberg, Roy
AU - Menkhoff, Lukas
N1 - Funding Information: We would like to thank for helpful comments participants at several workshops and at the German Economic Association Annual Meeting in Hamburg, in particular Tabea Bucher-Koenen, Martin Brown, Marcela Ibanez-Diaz, Lena Jaroczek, Stephan Klasen, Kristina Schluessler, David Schröder, two anonymous referees and the editor. Financial support by the German Research Foundation (DFG, grant RTG 1723 ) is gratefully acknowledged.
PY - 2021/9
Y1 - 2021/9
N2 - This research studies the stylized fact of a “gender gap” in that women tend to have lower financial literacy than men. Our data which samples middle-class people from Bangkok does not show a gender gap for those with at least minimum wage earnings. This result is not explained by men's low financial literacy, nor by women's high income and good education. Rather, country characteristics may influence finance-specific gender equality, such as Thailand's small gender gaps in pupils’ mathematics abilities and secondary school enrollment, and women's strong role in financial affairs. This may indicate ways to reduce the gender gap in financial literacy elsewhere.
AB - This research studies the stylized fact of a “gender gap” in that women tend to have lower financial literacy than men. Our data which samples middle-class people from Bangkok does not show a gender gap for those with at least minimum wage earnings. This result is not explained by men's low financial literacy, nor by women's high income and good education. Rather, country characteristics may influence finance-specific gender equality, such as Thailand's small gender gaps in pupils’ mathematics abilities and secondary school enrollment, and women's strong role in financial affairs. This may indicate ways to reduce the gender gap in financial literacy elsewhere.
KW - Financial behavior
KW - Financial literacy
KW - Gender gap
KW - Individual characteristics
KW - Societal norms
KW - Thailand
UR - http://www.scopus.com/inward/record.url?scp=85110367895&partnerID=8YFLogxK
U2 - 10.1016/j.jbef.2021.100537
DO - 10.1016/j.jbef.2021.100537
M3 - Article
AN - SCOPUS:85110367895
VL - 31
JO - Journal of Behavioral and Experimental Finance
JF - Journal of Behavioral and Experimental Finance
SN - 2214-6350
M1 - 100537
ER -