Financial Literacy: Thai Middle Class Women Do Not Lag behind

Antonia Grohmann, Olaf Hübler, Roy Kouwenberg and Lukas Menkhoff

No 1615, Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research

Abstract: This research studies the stylized fact of a “gender gap” in that women tend to have lower financial literacy than men. Our data which samples middle-class people from Bangkok does not show a gender gap. This result is not explained by men’s low financial literacy, nor by women’s high income and good education. Rather, it seems influenced by country characteristics on general gender equality and finance-related equality, such as little gender gaps regarding pupils’ mathematics abilities or secondary school enrollment, and women’s strong role in financial affairs. This may indicate ways to reduce the gender gap in financial literacy elsewhere.

Keywords: financial literacy; financial behavior; gender gap; individual characteristics; societal norms; Thailand (search for similar items in EconPapers)
JEL-codes: D14 D91 J16 (search for similar items in EconPapers)
Pages: 49 p.
Date: 2016
New Economics Papers: this item is included in nep-dem, nep-edu, nep-gen, nep-hme and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Financial literacy: Thai middle-class women do not lag behind (2021)
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