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Explaining the Gender Gap in Financial Literacy: the Role of Non-Cognitive Skills

By Francisco Alfonso Arellano Espinar, Noelia Cámara and David Tuesta

Abstract

Economic literature identifies a gender gap in financial literacy. This paper tests to what extent the gender gap is due to a misspecification problem or whether it exists because boys and girls do indeed have differing ways of acquiring financial literacy. Our estimates show that the gender gap decreases by 20 per cent when the model includes the effect of non-cognitive skills, for 15-year-old students in Spain. However, differences between boys and girls in financial literacy remain statistically significant

Topics: Investigación social, Finanzas, Aprendizaje
Publisher: 'Wiley'
Year: 2015
DOI identifier: 10.1111/ecno.12113
OAI identifier: oai:www.ucm.es:60728
Provided by: EPrints Complutense

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