Financial literacy

Thai middle-class women do not lag behind

authored by

Antonia Grohmann, Olaf Hübler, Roy Kouwenberg, Lukas Menkhoff

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.

Organisation(s)

Faculty of Economics and Management

External Organisation(s)

Aarhus University
German Institute for Economic Research (DIW)
Mahidol University
Humboldt-Universität zu Berlin (HU Berlin)

Type

Article

Journal

Journal of Behavioral and Experimental Finance

Volume

31

ISSN

2214-6350

Publication date

09.2021

Publication status

Published

Peer reviewed

Yes

ASJC Scopus subject areas

Finance

Sustainable Development Goals

SDG 4 - Quality Education, SDG 5 - Gender Equality, SDG 8 - Decent Work and Economic Growth, SDG 10 - Reduced Inequalities

Electronic version(s)

http://hdl.handle.net/10419/148002 (Access: Open)
https://doi.org/10.1016/j.jbef.2021.100537 (Access: Closed)