Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/251518 
Year of Publication: 
2022
Series/Report no.: 
IAI Discussion Papers No. 254
Publisher: 
Georg-August-Universität Göttingen, Ibero-America Institute for Economic Research (IAI), Göttingen
Abstract: 
Understanding why women are less financially literate than men is crucial for developing effective policies that decrease gender inequalities and improve women's financial literacy, agency and empowerment. Accordingly, in this paper, we adopt a multidimensional approach to measure financial literacy; rather than focusing solely on financial knowledge, as most empirical work has done, we also take into account what has been referred to in the literature as financial behavior and financial attitude. We analyze financial capability data from Argentina, Chile and Paraguay and consider the answers given to 27 questions covering the three domains mentioned above. We find that there are statistically significant gender differences in these countries, which we confirm through extensive econometric analysis. We also conduct a traditional Oaxaca-Blinder decomposition, which indicates that the respective role played by the "explained" and "unexplained" part varies across countries.
Subjects: 
Gender inequality
financial literacy
South America
Argentina
Chile
Paraguay
JEL: 
D14
G11
G41
I24
Document Type: 
Working Paper

Files in This Item:
File
Size
680.24 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.