Boosting Women: Why They Decline to Provide Responses to Financial Literacy Questions

21 Pages Posted: 9 Nov 2020

See all articles by Tracey West

Tracey West

Griffith University

Laura de Zwaan

Queensland University of Technology - QUT Business School

Di Johnson

Griffith University

Date Written: August 7, 2020

Abstract

It is a staggering statistic that half of the population consistently outperform the remainder when it comes to financial literacy. But could the measurement tools have inherent gender bias? This study investigates the reasons for selecting the non-response option in financial literacy questions, including numerical self-efficacy, risk aversion, overconfidence and socio-economic status. Our analysis finds overwhelming evidence that females avoid answering these financial literacy questions, and we infer that having an interest in money matters at school age is a potential pathway for effective intervention. These results are important for shaping policy and providing resources that close the gap.

Keywords: Financial literacy, women, gender studies, measurement bias, financial literacy education

JEL Classification: G53, G40

Suggested Citation

West, Tracey and de Zwaan, Laura and Johnson, Di, Boosting Women: Why They Decline to Provide Responses to Financial Literacy Questions (August 7, 2020). Available at SSRN: https://ssrn.com/abstract=3668705 or http://dx.doi.org/10.2139/ssrn.3668705

Tracey West (Contact Author)

Griffith University ( email )

170 Kessels Road
Nathan, Queensland QLD 4111
Australia

Laura De Zwaan

Queensland University of Technology - QUT Business School ( email )

GPO Box 2434
Brisbane, Queensland 4001
Australia

Di Johnson

Griffith University ( email )

Brisbane, Queensland 4111
Australia

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
29
Abstract Views
150
PlumX Metrics