Marriage and the Financial Knowledge Gender Gap

61 Pages Posted: 4 Dec 2018

See all articles by Laura Mattia

Laura Mattia

University of South Florida

Sandra J. Huston

Texas Tech University

Michael S. Finke

The American College

Date Written: November 10, 2017

Abstract

Prior studies of financial literacy find a significant knowledge gap between men and women. This has led some to speculate that women are either less interested in, or less able to understand, financial concepts. Household production and marital bargaining theory may explain why low earning married women with children will rationally choose to delegate financial decisions to their husband. Descriptive statistics show that higher earning women, single, and married women are more financially knowledgeable than men. In a multivariate model, we find that women with children have lower financial literacy scores than married men and that higher earning married women are more financially literate than lower earning married women. There is still evidence of a gender gap even among higher earning women with no children compared to married men, but this gap appears to be declining within the youngest age cohorts.

Suggested Citation

Mattia, Laura and Huston, Sandra J. and Finke, Michael S., Marriage and the Financial Knowledge Gender Gap (November 10, 2017). Available at SSRN: https://ssrn.com/abstract=3282035 or http://dx.doi.org/10.2139/ssrn.3282035

Laura Mattia (Contact Author)

University of South Florida ( email )

Tampa, FL 33620
United States
2014005685 (Phone)

Sandra J. Huston

Texas Tech University ( email )

2500 Broadway
Lubbock, TX 79409
United States

Michael S. Finke

The American College ( email )

Bryn Mawr, PA 19010
United States

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