Gender differences in financial capability

What is behind the gap

Dados Bibliográficos

ID6061981
AutoresKyoung Tae Kim (0000-0002-0673-721X, Department of Consumer Sciences University of Alabama Tuscaloosa Alabama USA, autor correspondente), Jing Jian Xiao (0000-0003-3252-5672, Department of Human Development and Family Science University of Rhode Island Kingston Rhode Island USA), Sunwoo Lee (0000-0002-0887-5309, Department of Consumer Science Sungkyunkwan University Seoul Korea)
Ano2025
Volume54
Fascículo1
Data de publicação2025-09-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoFamily and Consumer Sciences Research Journal (JOURNAL)
Identificadores do periódicoISSN: 1077-727X • E-ISSN: 1552-3934
EditoraWiley (PUBLISHER • GB)
DOI10.1002/fcsr.70025
OpenAlexW4413457512
IdiomaEN
Citações recebidas1
Referências citadas44

This study examines gender differences across five measures of financial capability and identifies factors that widen or narrow the gap using a decomposition technique. Utilizing data from the 2021 National Financial Capability Study, the results indicated that females had lower levels of financial capability than males on four out of five measures, with the exception of perceived financial capability. Decomposition analyses reveal several key contributing factors to explain these gender differences in financial capability, including age, income, education, financial anxiety, risk tolerance, and financial education. This study provides important insights for financial educators, researchers, and policymakers

Business · Demographic economics · Economics · Gender gap · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Psychology · Retirement, Disability, and Employment · Finance