Understanding the gender gap in financial literacy: evidence from Australia

Preston, A. C. and Wright, R. E. (2019) Understanding the gender gap in financial literacy: evidence from Australia. Economic Record, 95(S1), pp. 1-29. (doi:10.1111/1475-4932.12472)

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Abstract

Using micro‐data from the Household, Income and Labour Dynamics in Australia Survey, and the Oaxaca–Blinder decomposition technique, this paper examines the determinants of the gender gap in financial literacy. The analysis suggests that human capital variables, such as age and education, are not important in explaining the gender gap in financial literacy. Labour market variables, such as sector, occupation, industry, union membership and labour market status, are important and explain around 16 per cent of the gap. This finding is dependent on the assumption that these variables are exogenous. There is a large unexplained gap, suggesting that the main determinants are neither human capital nor labour market factors.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Wright, Dr Robert
Authors: Preston, A. C., and Wright, R. E.
College/School:College of Social Sciences > Adam Smith Business School > Economics
Journal Name:Economic Record
Publisher:Wiley
ISSN:0013-0249
ISSN (Online):1475-4932
Published Online:23 April 2019
Copyright Holders:Copyright © 2019 Economic Society of Australia
First Published:First published in Economic Record 95(S1):1-29
Publisher Policy:Reproduced in accordance with the copyright policy of the publisher

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