The Gender Gap in 'Bitcoin Literacy'

BSFA Working Paper Series No. 9 (2018)

14 Pages Posted: 16 Nov 2018

See all articles by Christina E. Bannier

Christina E. Bannier

Justus-Liebig-University Giessen

Tobias Meyll

University of Giessen - Department of Financial Services

Florian Röder

University of Giessen - Department of Financial Services

Andreas Walter

University of Giessen - Department of Financial Services

Date Written: October 30, 2018

Abstract

Using nationally representative US data, we show that women possess weaker knowledge regarding the characteristics of Bitcoin compared to men. Investigating the determinants driving this gap, we find that socio-demographics and personality traits explain only a small share of the gap. Adding measures for actual and perceived financial literacy explains approximately 40 percent of the gender gap in Bitcoin literacy. Experience with digital technology, in contrast, does not have additional explanatory power. Our results indicate that closing gender gaps in financial literacy is important, but safeguarding financial wellbeing in increasingly digitalized financial systems becomes ever more complex.

Keywords: Bitcoin, Bitcoin literacy, financial literacy, gender gap, gender differences, household finance

JEL Classification: D14, J16, O33

Suggested Citation

Bannier, Christina E. and Meyll, Tobias and Röder, Florian and Walter, Andreas, The Gender Gap in 'Bitcoin Literacy' (October 30, 2018). BSFA Working Paper Series No. 9 (2018) . Available at SSRN: https://ssrn.com/abstract=3275456 or http://dx.doi.org/10.2139/ssrn.3275456

Christina E. Bannier

Justus-Liebig-University Giessen ( email )

Licher Str. 62
Gießen, 35394
Germany
+49 641 99 22551 (Phone)

Tobias Meyll (Contact Author)

University of Giessen - Department of Financial Services ( email )

Licher Strasse 74
Giessen, Hessen 35394
Germany
+49 (0) 641 9922522 (Phone)

Florian Röder

University of Giessen - Department of Financial Services ( email )

Licher Str, 74
Giessen, 35394
Germany

Andreas Walter

University of Giessen - Department of Financial Services ( email )

Betriebswirtschaftslehre V
Giessen, 35394
Germany

HOME PAGE: http://wiwi.uni-giessen.de/ma/dat/walter/Andreas_Walter/

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