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https://doi.org/10.2139/ssrn.5...
Article . 2025 . Peer-reviewed
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Conference object . 2024
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Beyond Knowledge: Confidence and the Gender Gap in Financial Literacy

Authors: Bucher-Koenen, Tabea; Cziriak, Marius; Alessie, Rob;

Beyond Knowledge: Confidence and the Gender Gap in Financial Literacy

Abstract

Women are less likely to correctly answer the "Big-3" financial literacy questions, and a substantial share of the gap reflects women's lower confidence. In our experiment, women are more likely to choose "do not know" or refuse to answer financial literacy questions. If these options are not available, the gender gap decreases substantially. We build on the method proposed by Bucher-Koenen et al. (2021) and provide an easy-to-implement survey design applicable in cross-sectional studies that allows us to disentangle financial knowledge and confidence. We find that both financial knowledge and confidence are related to participation in the stock market.

Country
Germany
Keywords

financial knowledge, 000, ddc:330, C81, D91, G53, gender gap, survey methodology, D14, financial decision making, measurement error

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
2
Top 10%
Average
Average
Green
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