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ERIC Number: EJ1048383
Record Type: Journal
Publication Date: 2015
Pages: 12
Abstractor: As Provided
Reference Count: 53
ISBN: N/A
ISSN: ISSN-0360-1277
Gender Differences in Financial Literacy among Hong Kong Workers
Yu, Kar-Ming; Wu, Alfred M.; Chan, Wai-Sum; Chou, Kee-Lee
Educational Gerontology, v41 n4 p315-326 2015
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.
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Publication Type: Journal Articles; Reports - Research
Education Level: Adult Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Hong Kong