Financial literacy: Thai middle-class women do not lag behind

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  • Antonia Grohmann
  • Olaf Hübler, Leibniz University Hannover
  • ,
  • Roy Kouwenberg, College of Management Mahidol University
  • ,
  • Lukas Menkhoff, Humboldt University of Berlin, Leibniz University Hannover, DIW Berlin

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.

Original languageEnglish
Article number100537
JournalJournal of Behavioral and Experimental Finance
Publication statusPublished - Sep 2021

Bibliographical note

Publisher Copyright:
© 2021 Elsevier B.V.

    Research areas

  • Financial behavior, Financial literacy, Gender gap, Individual characteristics, Societal norms, Thailand

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