Gender differences in financial capability

What is behind the gap

Datos Bibliográficos

ID6061981
AutoresKyoung Tae Kim (0000-0002-0673-721X, Department of Consumer Sciences University of Alabama Tuscaloosa Alabama USA, autor de correspondencia), 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)
Año2025
Volumen54
Número1
Fecha de publicación2025-09-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaFamily and Consumer Sciences Research Journal (JOURNAL)
Identificadores de la revistaISSN: 1077-727X • E-ISSN: 1552-3934
EditorialWiley (PUBLISHER • GB)
DOI10.1002/fcsr.70025
OpenAlexW4413457512
IdiomaEN
Citas recibidas1
Referencias 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