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Gender Differences in Financial Literacy Among Hong Kong Workers.
- Source :
-
Educational Gerontology . Apr2015, Vol. 41 Issue 4, p315-326. 12p. 3 Charts. - Publication Year :
- 2015
-
Abstract
- Using a phone survey conducted in 2012, we examined whether there is a gender difference in financial literacy among Hong Kong workers; and if such a difference exists, whether it can be explained by gender differences in sociodemographic variables, social or psychological factors, and/or the outcomes of retirement planning. Results show a gender gap in financial literacy as well as age, spousal support for retirement savings, risk tolerance, computational ability, and perceived financial knowledge. Multivariate data analyses show that a proportion of the gender difference in financial literacy could be explained by gender differences in risk tolerance, computational ability, and self-reported financial knowledge; but the difference remained after adjusting for variables found to be associated with gender. Our findings suggest that it may be important to develop programs targeted specifically to women. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 03601277
- Volume :
- 41
- Issue :
- 4
- Database :
- Academic Search Index
- Journal :
- Educational Gerontology
- Publication Type :
- Academic Journal
- Accession number :
- 100071686
- Full Text :
- https://doi.org/10.1080/03601277.2014.966548