The Gender Gap in 'Bitcoin Literacy'
BSFA Working Paper Series No. 9 (2018)
14 Pages Posted: 16 Nov 2018
Date Written: October 30, 2018
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: Suggested Citation