- 2079-7117 (online)
Empowering Women Through Financial Awareness and Education
- Angela Hung1, Joanne Yoong1, Elizabeth Brown1
- Author Affiliations
- 1: RAND Corporation, United States
- 01 Mar 2012
- Bibliographic information
A relatively broad range of empirical literature documents the existence of gender differences in financial literacy in various countries and along several dimensions. On average, women perform worse than men on tests of financial knowledge and have less confidence in their financial skills. However, so far policy awareness of the existence and relevance of these differences is quite low.
The literature (albeit so far limited) on what drives such gender differences points to several potentially complementary explanations including differences in skills, attitudes, and opportunities. In this context, the contribution of improved and targeted financial education programmes aimed at better addressing women’s needs is promising and worth exploring further.
- gender, Women, financial education, financial capability, financial literacy, consumer protection
- JEL Classification:
- D14: Microeconomics / Household Behavior and Family Economics / Household Saving; Personal Finance
- D18: Microeconomics / Household Behavior and Family Economics / Consumer Protection
- D91: Microeconomics / Intertemporal Choice / Intertemporal Household Choice ; Life Cycle Models and Saving
- J16: Labor and Demographic Economics / Demographic Economics / Economics of Gender ; Non-labor Discrimination