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

Antonia Grohmann; Olaf Hübler; Roy Kouwenberg; Lukas Menkhoff

doi:10.1016/j.jbef.2021.100537

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

Antonia Grohmann^*, Olaf Hübler, Roy Kouwenberg, Lukas Menkhoff

^*Corresponding author for this work

Department of Economics and Business Economics

Research output: Contribution to journal/Conference contribution in journal/Contribution to newspaper › Journal article › Research › peer-review

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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.

Original language	English
Article number	100537
Journal	Journal of Behavioral and Experimental Finance
Volume	31
ISSN	2214-6350
DOIs	https://doi.org/10.1016/j.jbef.2021.100537
Publication status	Published - Sept 2021

Keywords

Financial behavior
Financial literacy
Gender gap
Individual characteristics
Societal norms
Thailand

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Grohmann_et_al_JBEF_2021_AMAccepted manuscript, 1.02 MBLicence: CC BY-NC-ND

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title = "Financial literacy: Thai middle-class women do not lag behind",

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{\textquoteright} 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.",

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AU - Grohmann, Antonia

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AU - Menkhoff, Lukas

PY - 2021/9

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N2 - 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.

AB - 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.

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KW - Individual characteristics

KW - Societal norms

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

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