Gender, financial literacy and pension savings

Preston, A. and Wright, R. E. (2023) Gender, financial literacy and pension savings. Economic Record, 99(324), pp. 58-83. (doi: 10.1111/1475-4932.12708)

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The relationship between the gender gap in financial literacy and pension savings is examined in this paper. In Australia, individuals have considerable discretion with respect to how their pension savings are managed. We argue that financial literacy should have a positive impact on the profitability of these decisions. Analysis based on micro-data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey suggests that a sizable share of the gender gap in pension savings can be attributed to the gender gap in financial literacy. Therefore, policies aimed at improving the financial literacy of women should help improve the living standards of women in retirement.

Item Type:Articles
Glasgow Author(s) Enlighten ID:Wright, Dr Robert
Authors: Preston, A., and Wright, R. E.
College/School:College of Social Sciences > Adam Smith Business School
College of Social Sciences > School of Education
Journal Name:Economic Record
ISSN (Online):1475-4932
Published Online:12 December 2022
Copyright Holders:Copyright © 2022 The Authors
First Published:First published in Economic Record 99(324): 58-83
Publisher Policy:Reproduced under a Creative Commons License

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