scholarly journals What Explains the Gender Gap in Financial Literacy? The Role of Household Decision-Making

10.7249/wr762 ◽  
2010 ◽  
Author(s):  
Raquel Fonseca Benito ◽  
Kathleen Mullen ◽  
Gema Zamarro ◽  
Julie Zissimopoulos
Keyword(s):  
Decision Making ◽  
Gender Gap ◽  
Financial Literacy ◽  
Household Decision ◽  
Household Decision Making

scholarly journals What Explains the Gender Gap in Financial Literacy? The Role of Household Decision Making

2012 ◽  
Vol 46 (1) ◽  
pp. 90-106 ◽  
Author(s):  
RAQUEL FONSECA ◽  
KATHLEEN J. MULLEN ◽  
GEMA ZAMARRO ◽  
JULIE ZISSIMOPOULOS
Keyword(s):  
Decision Making ◽  
Gender Gap ◽  
Financial Literacy ◽  
Household Decision ◽  
Household Decision Making

scholarly journals Financial Literacy and Intra-household Decision Making: Evidence from Rwanda

2020 ◽  
Author(s):  
Antonia Grohmann ◽  
Annekathrin Schoofs
Keyword(s):  
Decision Making ◽  
Gender Gap ◽  
Financial Literacy ◽  
Explanatory Power ◽  
Decomposition Analysis ◽  
Causal Link ◽  
Household Decision ◽  
Symptoms Of Depression ◽  
Household Decision Making ◽  
Using Data

Abstract Research has consistently shown that women’s involvement in household decision making positively affects household outcomes such as nutrition and education of children. Is financial literacy a determinant for women to participate in intra-household decision making? Using data on savings groups in Rwanda, we examine this relationship and show that women with higher financial literacy are more involved in financial and expenditure decisions. Instrumental variable estimations suggest a causal link. For this reason, we perform a decomposition analysis breaking down the gender gap in financial literacy into differences based on observed socio-demographic and psychological characteristics and differences in returns on these characteristics. Our results show high explanatory power by education, happiness, symptoms of depression and openness but also suggest that a substantial fraction can be explained by differences in returns. We argue that this results from a strong role of society and culture.

Skills and household financial decision-making in Indonesia

2020 ◽  
Vol 47 (11) ◽  
pp. 1433-1450
Author(s):  
Arief Wibisono Lubis
Keyword(s):  
Decision Making ◽  
Cognitive Ability ◽  
Financial Literacy ◽  
Well Being ◽  
Microfinance Institutions ◽  
Content Type ◽  
Household Decision ◽  
Financial Decision Making ◽  
Household Decision Making ◽  
Financial Decision

PurposeThis study examines whether financial literacy is a relevant factor that determines authority in household financial decision-making, an area that is often viewed as boring, difficult and full of uncertainties. Cognitive ability and personality traits are also included as additional explanatory variables.Design/methodology/approachThe logistic regression technique was applied using a sample of more than 2,300 microfinance institutions' clients in three provinces in Indonesia.FindingsThis study finds that financial literacy correlates positively with authority in household financial decision-making only among men. This does not mean that financial literacy is irrelevant for women's agency, since the skill might be important for authorities in other decision-making areas, including those outside households. Meanwhile, the relationship between cognitive ability and household financial decision-making authority is more universal.Research limitations/implicationsThis study does not collect information on the levels of financial literacy of other household members and does not capture respondents' perceptions of household financial decision-making.Social implicationsThe overall low level of financial literacy calls for the need for more targeted efforts to address this issue by policymakers. Education policy should also be designed to improve cognitive ability, as this ability is important for human agency and well-being.Originality/valueHousehold decision-making has received significant attention in the literature. Authority in household decision-making is important because it represents a person's agency and has a profound impact on well-being. To the best of author's knowledge, studies on the importance of skills in household financial decision-making are very limited.

scholarly journals The role of gender in household decision-making in rural areas

2020 ◽  
pp. 2583-2588 ◽  
Author(s):  
Doan Van Truong ◽  
Nguyen Do Huong Giang ◽  
Leng Thi Lan ◽  
Nguyen Thi Bich Thuy ◽  
Pham Manh Ha ◽  
...  
Keyword(s):  
Decision Making ◽  
Rural Areas ◽  
Household Decision ◽  
Household Decision Making

scholarly journals Financial Counseling, Financial Literacy, and Household Decision Making

2010 ◽  
Author(s):  
Sumit Agarwal ◽  
Gene Amromin ◽  
Itzhak Ben-David ◽  
Souphala Chomsisengphet ◽  
Douglas D. Evanoff
Keyword(s):  
Decision Making ◽  
Financial Literacy ◽  
Household Decision ◽  
Financial Counseling ◽  
Household Decision Making
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